Crypto Market Crashes: $100B Wiped Out Amid Tech Rout and Quantum Computing Fears

A massive crypto market crash has occurred, resulting in over $100 billion in liquidations across Bitcoin (BTC), Ethereum (ETH), XRP, and other top altcoins.

The sell-off was sparked by a sharp decline in the tech sector and President Trump's executive orders on quantum computing, which has raised concerns about the security of blockchain technology.

Around $720 million in liquidations occurred across top coins, with nearly 145K traders being liquidated. The largest single liquidation order of ETHUSD was valued at $15.34 million.

The crypto market's fear index has reached an extreme level of 23, with analysts warning that the current downturn may be a sign of deeper crashes to come.