Crypto Market Collapses: Record $19 Billion Wipeout Marks End of Bull Cycle

The crypto market experienced a record-breaking crash, witnessing a staggering $19 billion in losses within 24 hours. This unprecedented event surpassed the magnitude of previous collapses such as LUNA, FTX, and even the COVID-induced sell-off. Bitcoin’s price dropped by 10% within hours, wiping out weeks of gains. Altcoins including XRP, Solana (SOL), and JASMY lost over half their value, with many traders feeling like the bull market had ended abruptly. Analysts suggest this was triggered by a confluence of factors – geopolitical tensions related to trade wars and structural imbalances in the market.