Crypto Market Plunges $900 Billion, Signaling Shift Towards Risk-Off Sentiment

The crypto market has experienced a dramatic downturn, shedding over $900 billion in value since hitting record highs in October 2024. This sharp decline has impacted major digital assets like Bitcoin and Ethereum, leaving investors and traders concerned about the future trajectory of the sector. While the rally that propelled crypto to record levels earlier this year is now reversed, analysts suggest this correction is a natural part of market cycles.