Crypto Market Meltdown: $160 Billion Wiped Out as Bitcoin & Ethereum Plunge – What’s Behind the September Slump?
A Perfect Storm Sinks Crypto Prices After a strong summer, crypto markets entered a sudden meltdown in late September. In a matter of days, Bitcoin, Ethereum and other top cryptocurrencies plunged sharply, erasing a staggering chunk of market value. Over $160 billion was wiped out in short order, as global crypto market capitalization tumbled from recent highs mexc.com. Bitcoin – the largest cryptocurrency – fell from above $120K to nearly $110K mexc.com, and Ethereum slid from the mid-$4,000s to the high $3,000s range mexc.com. This abrupt reversal wiped out much of the year’s late Q3 gains across the board. Importantly, this