Crypto Market Suffers Massive $1.1 Trillion Wipeout

In a dramatic market correction, the cryptocurrency market has experienced a steep decline of over $1.1 trillion in just 41 days. This drop has sent crypto’s valuation plummeting by 10% compared to its record levels on October 10th, prompting questions: Has the bottom been reached, or is further downtrend expected? 41 days have seen a massive selloff of over $1.1 trillion in cryptocurrency market cap. This drop has now brought crypto valuations down to 10% below the record liquidation levels set on October 10th.