Crypto Market Plunges $325 Billion: Triggering Concerns About Liquidity

The crypto market has experienced a dramatic downturn, shedding over $325 billion in value since Friday. This sharp decline is attributed to several factors, including the Solana crash and concerns about liquidity. Notably, nearly $150 billion was liquidated within the last 24 hours, with Bitcoin hitting a critical support level of $90,000 earlier today. Experts at The Kobeissi Letter point to the decrease in memecoin popularity as a contributing factor, citing it as a potential trigger for the broader market correction.