The last 41 days have shaken crypto to its core, wiping out $1.1 trillion and pushing investors into extreme fear. This crypto market crash marks one of the worst periods ever, dropping $1.1 trillion in just 41 days.
The Bitcoin price dropped by almost 10% during the last week and is currently selling at about $95,000. The market is in a state of great panic as a result of this sharp decline, and traders are withdrawing from dangerous positions and becoming more mindful.
Crypto market crash chart showing Bitcoin and global market cap falling over 41 days
Major altcoins like BNB, Solana, Tron, Dogecoin, Cardano, and Hyperliquid fell more than 16%, while Ethereum fell 12% to trade beyond $3,180. This ongoing crypto market crash has deeply affected investors, pulling the global cryptocurrency market valuation down to $3.23 trillion.
Heavy liquidations, ETF withdrawals, and profit-taking, according to experts, are the primary causes of the precipitous drop. Leveraged bets worth over $700 million were destroyed in a single day, prompting traders to lower risk as uncertainty across the world grows.
On-chain data for Bitcoin also reveals long-term investors stealthily profiting, which frequently occurs in the latter phases of a market growth. With resistance between $101,500–$103,200, analysts caution that Bitcoin is still trading below important moving averages. Bitcoin may move towards the $96,000 level if the price drops below $98,500.
With a modest 0.17% increase and robust ETF inflows of $250 million, XRP outperformed all new ETF debuts while the majority of cryptocurrencies declined.
Markets are still on high alert due to growing fear and volatility. Now, investors are keeping a tight eye on Bitcoin after the crypto market crash to determine whether this decline signals a brief correction or the beginning of a larger one.
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