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Crypto market wipes $100 billion in a day amid sharp downturn
The crypto market lost roughly $100 billion in a single day as major tokens slid sharply and volatility surged during a sudden downturn.
After a mostly strong start to 2026, the cryptocurrency market took a sharp turn and wiped approximately $100 billion from its market cap in about 12 hours. Total digital asset value fell from around $3.2 trillion to near $3.1 trillion before partial recovery. Major tokens like Bitcoin, Ethereum, and XRP saw notable declines as volatility and liquidation pressure accelerated sell offs.