Crypto Market Plummets: $1.1 Trillion Lost in a Day

A massive $1.1 trillion has been wiped out from the cryptocurrency market, raising concerns among investors. However, Coinbase is refraining from labeling this as a collapse, suggesting it’s a structural adjustment rather than a fundamental issue. According to Coinbase officials, long-term holders and institutions are still buying Bitcoin ($BTC), indicating continued faith in its future.