Crypto market chaos! ₹11,000,000,000,000 wiped out in a single day, Bitcoin also sees a major drop

The cryptocurrency market was in turmoil on Tuesday as it witnessed a massive sell-off. Almost all major digital currencies, including Bitcoin, saw a sharp decline within 24 hours.

A drop of up to four percent was recorded in a single day. ​​As a result, the global crypto market cap slipped below the $3 trillion mark to $2.93 trillion.

Crypto market chaos! ₹11,000,000,000,000 wiped out in a single day!
It is worth noting that while the total market cap was $3.05 trillion on Monday morning at 8:30 AM, it saw a decline of $0.12 trillion (approximately ₹11 lakh crore) by Tuesday morning. This is the biggest drop in the crypto market in the last two weeks.

Bitcoin slips 4.5%
Bitcoin fell by 4.47% on Monday, bringing its price down to around $85,700. It has seen a decline of more than five percent in the last week. It’s worth mentioning that in October, Bitcoin had reached around $125,000. Currently, as of Thursday when this news was written, the price of Bitcoin is ₹78,82,995.

Pi Coin also declines along with Bitcoin
Due to the turmoil in the crypto market on Tuesday, several other cryptocurrencies besides Bitcoin also came under pressure.

• Ethereum falls more than 4%, drops below $3,000
• Ripple falls more than 6%, reaches close to $2
• Hyperliquid Crypto falls more than 8%, reaches close to $1.50
• Pi Network records a drop of nearly 5%
• Following this sharp decline, the Crypto Fear and Greed Index fell to 21, indicating increasing fear among investors.

Reasons for the crypto market crash? According to experts, the reason for this decline in cryptocurrencies is the US Federal Reserve’s interest rate cuts. Increased liquidations and profit-taking may also be contributing factors. Furthermore, uncertainty surrounding US President Donald Trump’s tariff policies is also having an impact.