Crypto Market Wipes Out $100 Billion in Hour-Long Crash

A massive crypto market crash has occurred, resulting in over $100 billion in market cap being wiped out within hours. The sudden selloffs have led to more than $700 million in liquidations across top altcoins and cryptocurrencies such as Bitcoin, Ethereum, XRP, SOL, HYPE, DOGE, and SPCX.

The market crash has been described as 'sharp' and 'deepening', with many investors scrambling to cut their losses. The prices of various cryptocurrencies have plummeted, with some experiencing declines of over 8% in a single day.

Bitcoin's price has fallen by 2.44%, while Ethereum and XRP have declined by 3.95% and 2.83% respectively. The Hyperliquid token has experienced the largest decline, dropping by 8.62%. Dogecoin has also been affected, with its price falling to $0.5329.