Crypto market sheds 4.2% in a day as Ether drops 5.4%
- —Ether fell 5.4% to $2,377; Bitcoin lost 4.0% to $81,176
- —Total crypto market cap dropped 4.2% to $2.83 trillion
- —About $400 million liquidated in 24 hours, mostly long positions
- —23 of the 25 largest crypto assets ended the day lower
Why it matters: The sell-off was driven by external macro pressure — expensive oil and weak tech stocks — rather than crypto-specific news, with Ether hit harder due to leverage in DeFi.
Source: CryptoTicker