The cryptocurrency market witnessed significant volatility on Tuesday, with almost all major digital assets under intense pressure. From Bitcoin to altcoins, a widespread selling spree gripped the market.

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Global Market Cap Sees Massive Drop in 24 Hours

On Monday morning, the total global market capitalisation of cryptocurrencies was around $3.05 trillion, which fell to $2.93 trillion by Tuesday morning. This means that approximately $0.12 trillion in value was wiped out from the market in just 24 hours. In Indian currency, this figure is equivalent to about ₹11 lakh crore.

Fear and Greed Index Adds to Concerns

The impact of this decline was clearly visible in investor sentiment. The Crypto Fear and Greed Index fell to 21, indicating a state of extreme fear in the market. This suggests that investors are currently avoiding taking risks.

Bitcoin Price Under Continuous Pressure

Bitcoin, considered the largest cryptocurrency in the market, fell by about 4.47 percent in the last 24 hours, slipping below $86,000. Its current price is recorded at around $85,700. Bitcoin has also weakened by more than 5 percent in the last week. A few months ago, in October, Bitcoin touched the $125,000 mark, but since then, it has seen a sharp decline.

Other Cryptocurrencies Also Fare Poorly

Along with Bitcoin, other digital currencies were also under pressure. Ethereum fell by more than 4 percent, dropping below the crucial $3,000 level. Ripple saw a decline of more than 6 percent, and its price fell below $2. Hyperliquid Token dropped by about 8 percent to around $1.50, while Pi Network also registered a decline of approximately 5 percent. Possible Reasons for the Crypto Crash.

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According to experts, several factors are contributing to this decline. Uncertainty surrounding the Federal Reserve’s interest rate policy, increasing liquidations in the crypto market, and profit-taking have added to the pressure. In addition, US trade policies and tariff statements related to former President Donald Trump are also impacting global markets, which have, in turn, affected cryptocurrencies.