The cryptocurrency market experienced a significant plunge on Sunday/Monday, 5th August 2024, losing approximately $270 billion in value within a 24-hours.
Both Bitcoin and Ether underwent substantial declines as investors moved away from high-risk assets. This downturn followed the Nasdaq’s worst three-week performance in two years and occurred as the Nikkei 225 reached a low not observed since the Black Monday crash of 1987.
Bitcoin chart – CoinMarketCap – 5th August 2024
Nikkei chart – one year
