Deciphering the Fallout: Analysis of the $200 Billion Cryptocurrency Market Plunge

The cryptocurrency market suffered a significant setback, losing over $200 billion in market capitalization within two days, resulting in extensive liquidations totaling more than $770 million. Bitcoin, Ethereum, and major altcoins like Solana experienced notable price drops, leading to the liquidation of both long and short positions, predominantly on exchanges like Binance and OKX.Bitcoin\’s rally to $71,300 on March 31st was followed by a subsequent drop, culminating in a 8.7% decline […]