Crypto Market Plunges: $1 Billion Liquidations Fueled by Macro Concerns

The cryptocurrency market experienced a significant downturn today, with the total market capitalization dropping 2.93% to $3.21 trillion. Trading volumes surged significantly, reaching $144.4 billion, reflecting an outpouring of panic selling or forced exits. This volatility was accompanied by substantial crypto ETF outflows of $267.1 million. Interestingly, the Fear & Greed Index remained relatively stable at 46, indicating a neutral sentiment despite sharp market reactions. ?