The cryptocurrency market has recorded an unprecedented scale of value loss in recent days. Within just 4 days, almost all major cryptoassets have sharply declined in price, and market participants are evaluating this process as a historic collapse.
The editorial reports that over the last 3 days, the cryptocurrency market has lost an average of $1.5 million per second. During this period, the total volume of losses has exceeded $330 billion, and the process is still ongoing.
According to data, Bitcoin has retreated to the $65,000 level, a price last observed approximately 1.5 years ago. Ethereum, known as "crypto-silver," has fallen below the $2,000 mark and has lost 60% of its value in the last 4 months.
The situation in the altcoin market is even more dramatic. Small cryptocurrencies have lost between 70% and 90% of their value in the last year, and some projects are reportedly being effectively wiped out of the market. The token named "Legendary Homyak" is noted to have liquidated itself with a 99% loss in value.
It is noted that 3 days ago, U.S. President Donald Trump called himself the savior of cryptocurrency and the world's main "cryptoguy." After that statement, the total market value decreased by $330 billion, and this declaration has caused widespread discussion among crypto investors.
Analysts attribute the current situation to a crisis of confidence in the market, macroeconomic uncertainty, and regulatory risks, and do not rule out continued high volatility in the near future.