Altcoin Index Plummets Below FTX Collapse Levels Following $20 Billion Market Slump

The cryptocurrency market continues to be caught in a prolonged downtrend, nearly two weeks after a devastating selloff erased over $20 billion in value. This significant event triggered the largest single-day liquidation on record in crypto history and left Bitcoin, other digital tokens, and exchange-traded funds without momentum for recovery. The crash removed speculative excess from the asset class.