The post Crypto market erases $100 billion in 24 hours appeared on BitcoinEthereumNews.com.

Though the trading days since March 11, and particularly since March 23, brought renewed hope for cryptocurrency investors with, for example, Bitcoin (BTC) rallying nearly 10% within two weeks, the 24 hours between Thursday and Friday moved the needle back into fear. The 24 hours leading up to press time on March 28 generated a 3.70% market-wide crash that ensured the total market capitalization of digital assets plummeted by just over $100 billion to $2.71 trillion. Total cryptocurrency market capitalization 24-hour chart. Source: TradingView The valuation and price drop has been accompanied by a new shift in the ‘Fear & Greed Index,’ per the data retrieved by Finbold from CoinMarketCap. Specifically, investor sentiment hit 12-month lows earlier in March, only to enter a sharp recovery in more recent sessions. The latest plunge abruptly ended the positive shift in attitudes, ensuring that the index is, at its press time value of 33, close to the previous 2025 lows and significantly under anything seen between March 2024 and February of the current year.  Cryptocurrency Fear & Greed Index: Source: CoinMarketCap Why Crypto is crashing today Furthermore, the attitudes displayed by the ‘Fear & Green’ appear to be the main driver behind the latest plunge. For all the positivity, the cryptocurrency market has been extraordinarily susceptible to external bearish factors in the last 12 months and indifferent to internal bullish developments. The latest $100 billion, 24-hour plunge likewise appears to have started due to the contagion from the stock market, where the Magnificent 7 became something of an S&P 500 loss leader earlier this week, only to be followed by the automotive industry on Thursday. The root cause behind the selloff is a combination of President Donald Trump’s tariffs and the growing fears that Silicon Valley may be facing a Dot-com-like crash due…

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Filed under: News - @ March 28, 2025 3:23 pm