The cryptocurrency market lost more than $ 1 billion in just one day

The cryptocurrency market has suffered significant losses, losing more than $ 1 billion in the last 24 hours. Mass liquidations caused panic among investors.

The price of bitcoin fell below $ 50,000, and ether dropped below $ 2,400. This caused a chain reaction in the market. Significant liquidations took place in the DeFi sector, where the amount exceeded $ 350 million. The decline in prices led to the automatic closure of positions.

Investors hastily sold assets in an attempt to minimize losses. This further exacerbated the market decline.

Analysts say that this drop is due to the instability of global financial markets. Some experts point to possible regulatory measures that could affect investor sentiment. Some investors see this as an opportunity to buy assets at a reduced price. They hope for a market recovery in the near future.

As a reminder, bitcoin suffered a significant drop, falling by 17% within a few hours. The price of the cryptocurrency market’s flagship fell to $ 50,300. At the time, the value of BTC reached $ 49,800. The cryptocurrency’s fall coincided with the stock market’s collapse. Investors began to sell their assets en masse, fearing a further decline.