Crypto Market Volatility Continues: Bitcoin and Ethereum Prices Fluctuate

The crypto market experienced a sharp selloff, with Bitcoin falling 5% to below $28,500 and Ethereum plummeting over 7% below $2,000. The global crypto market cap fell over 2.60% to $1.18 trillion, with over $182 million worth of crypto assets liquidated in the past 24 hours. The selloff was likely triggered by Ethereum Foundation and creator Vitalik Buterin selling over 15,000 ETH. Altcoins including PEPE, FLOKI, LUNC, Arbitrum, Litecoin, and Aptos also witnessed a major downfall. Traders anticipated a slight correction in the market, with massive longs liquidation of over $182 million recorded in the last 24 hours.