Altcoin Market Slump Deepens: Why It’s Worsening, and What to Expect Next

The cryptocurrency market continues its recovery struggles since the October 10th crash, which marked the largest single-day liquidation in history. While Bitcoin remains above $100,000, even that asset hasn’t fully recovered from recent volatility driven by forced liquidations triggered by exchanges like Binance due to falling collateral values. This has left altcoins particularly vulnerable, with a noticeable decrease in market capital that even rivals the levels seen during the 2022 FTX collapse.