The cryptocurrency market is currently experiencing a significant downturn, with a total market capitalization dropping by over 5.7% to about $2.114 trillion. This decline is mirrored by a sharp decrease in the prices of major cryptocurrencies such as Bitcoin, Ethereum, and XRP. The market has witnessed a massive liquidation of $366 million in the past 60 minutes, leaving traders reeling from the sudden downturn. This crash comes amid a broader financial shock, with a $3 billion wipeout in the morning session and a 17% drop from last week's peak. The reasons behind this crash are complex and multifaceted, including regulatory concerns, market liquidity issues, and broader economic uncertainty. As the market continues to evolve, it is crucial for investors to stay informed and make decisions based on reliable information and analysis.
Japan market is crashing and people are expecting it to hit bad in the AM.
Donald Trump just posted this:
Certainly the auto stocks will get hit hard.
What is your guess on the upcoming market drop tomorrow AM? 10%? 15% 20%???