Crypto Market Plummets 5-10%: Geopolitical Uncertainty Drives Bearish Trend

Uncertainty surrounding peace talks and a potential Russia-Ukraine deal triggered a steep sell-off across the crypto market, causing prices to tumble by up to 10%. The cryptocurrency market capitalization shed $71 billion in a single day, falling to just $3.85 trillion. This decline was primarily driven by liquidations of leveraged positions, following rapid gains witnessed in Ethereum and other altcoins.