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Crypto Rout Wipes Out $500 Billion Led by Bitcoin
A Bitcoin-led selloff wiped out nearly $500 billion from the crypto market in a week.
A sharp selloff in cryptocurrencies erased nearly half a trillion dollars in market value within a week, led by heavy losses in Bitcoin. Digital assets slid amid risk aversion, regulatory uncertainty and concerns around speculative excess. Analysts said tightening financial conditions and fading enthusiasm for high risk trades are pressuring crypto prices, as investors reassess exposure to volatile assets during heightened global market uncertainty.