Crypto Market Plunges: $200 Billion Lost Amidst Bitcoin’s Slide to $100K

The cryptocurrency market experienced a dramatic downturn, shedding over $200 billion in value within 24 hours. This decline was driven by widespread risk aversion across global markets. CoinMarketCap data reveals a 6.24% decrease in total market capitalization, reaching $3.35 trillion. A confluence of factors contributed to this sharp correction: from Bitcoin’s retreat below $100,000, to the broader sell-offs impacting both major and mid-cap tokens.