Crypto Market Suffers Sudden Drop of $530 Billion before Rapid Recovery

The cryptocurrency market experienced a dramatic price drop, shedding over $530 billion in value within a single hour. This unexpected crash triggered panic and sell-offs across exchanges as investors rushed to react. While the cause is still unclear, analysts suggest a combination of liquidations, profit-taking, and technical corrections may have contributed. The swift rebound of the market cap back to $3.7 trillion offers a glimpse into the resilience of crypto assets in this dynamic market landscape.