Crypto Market Slump: $1 Billion Liquidation as Bitcoin, Ethereum & Others Decline

A significant liquidation of $1.15 billion in the crypto market has occurred, resulting in over 247,000 traders being affected in the past 24 hours. Major digital asset prices like Bitcoin, ETH, XRP, SOL, and DOGE have experienced price drops ranging from 2% to 8%. This selloff is attributed to broader financial market concerns fueled by surging macroeconomic uncertainties. The US Stock Indices also witnessed a heavy decline on Thursday, signaling the dwindling appetite for risk among investors.