Crypto Market Plunges: $74 Billion Lost in Under Six Hours

The crypto market experienced a dramatic downturn, wiping out nearly $74 billion in value within just six hours. The rapid decline sent shockwaves through the industry, with many traders caught off guard by the sudden sell-off. Over $336 million in long positions were liquidated in the past 24 hours alone, indicating a large number of investors expecting prices to rise were hit hard by this unexpected correction.