Total Crypto Market Sheds Nearly $400B in One Month
The total crypto market has erased nearly $400 billion in value over the past month, marking one of the sharpest downturns of the year. Major assets like Bitcoin and Ethereum pulled back after an overheated rally, triggering widespread liquidations and accelerating the decline.
This steep drop was fueled by a mix of macro uncertainty, profit-taking, and excessive leverage built up across derivatives markets. As positions unwound, volatility surged, dragging altcoins deeper into the red and shaking short-term investor confidence.
Despite the correction, long-term fundamentals across leading ecosystems remain strong, with many viewing this pullback as a healthy reset. Historically, similar market retracements have set the stage for new accumulation phases and stronger trends ahead.
