Crypto Markets Plummet: $340 Billion Lost as Debate Intensifies over Bull Run’s Future

The cryptocurrency market has taken a dramatic hit, shedding over $340 billion in value since reaching all-time highs on August 14th. This steep decline, representing a 7.3% drop from recent peaks, has reignited debates about the future of digital asset prices and whether traditional market cycles still apply. Bitcoin’s retreat of 7.5% from its peak price during this period is a stark reminder of the volatile nature of crypto markets.