The global cryptocurrency market has experienced a significant downturn, wiping out approximately $410 billion in market capitalization over the past 24 hours. This decline is one of the steepest in 2025, with the total market value dropping from $4.15 trillion to $3.74 trillion.
The selloff occurred amidst a surge in macroeconomic and geopolitical uncertainty, causing investors to flee from risk assets.
More than $5.6 billion in leveraged long positions were liquidated within a single day, further exacerbating the market's decline.
This correction extends a week-long decline in both Bitcoin and Ethereum, as well as other major altcoins.
Author's summary: Crypto market loses $400 billion in 24 hours due to uncertainty.