Crypto Bloodbath: $810 Billion Wiped Out--Bitcoin Etfs See Record Exodus as Market Confidence Crumbles
The crypto market is getting hammered, with $810 billion wiped out in a massive sell-off that's shaking investor confidence. Bitcoin (BTC-USD) has dropped 15% over the past month, while Ethereum (ETH-USD) and Solana have taken even bigger hits. What's fueling the meltdown? A mix of delayed pro-crypto policies from the Trump administration, a record-breaking $1.5 billion hack at Bybit, and Argentina's memecoin fiasco have left traders reeling.
- The sudden collapse of market confidence in crypto is eerily reminiscent of the 2008 financial crisis, where fear turned to panic, leading to a perfect storm of sell-offs that lasted for years.
- As investors question the regulatory clarity needed to fuel institutional confidence, one can't help but wonder: what role will governments play in salvaging the crypto market from this bloodbath?