Ethereum Plummets 10%, Triggering Crypto Crash as Market Value Sheds Billions

The cryptocurrency market experienced a dramatic crash on February 24th, with Ethereum shedding over 10% of its value and Bitcoin following suit. The combined loss of $150 billion in just 24 hours highlights the volatile nature of the crypto industry. A significant security breach at Bybit contributed to the sell-off, as did a drop in new capital inflows into the market. Expert analysis suggests this was amplified by rapid price fluctuations and heightened fear following a major crash.