Crypto Market Suffers Major Losses Amidst Widespread Instability

The cryptocurrency market experienced a dramatic downturn in recent 24 hours, leading to significant losses for traders worldwide. Over $840 million in liquidations occurred across major cryptocurrencies like Bitcoin and Ether, as expectations of a market rebound were dashed by an unexpected plunge. Traders who leveraged their positions in anticipation of price rallies have seen their investments evaporate rapidly. Bitcoin’s value plummeted below $77,000 while Ether experienced a nearly 15% drop, settling around $1,500 before the cascade of liquidations began.