Crypto Market Cap Drops About $800 Billion as Liquidity Tightens

Crypto's total market value has fallen about $800 billion since early October, as a steep drop in Bitcoin (BTC) and stablecoin outflows leave less capital to absorb selling. The market's capitalization was about $2.9 trillion in early October and $2.1 trillion in the latest figures. BTC briefly fell about 9% to near $62,000 before rebounding. Trading volume during this week's decline reached about $107 billion, compared with roughly $29 billion last weekend. Liquidations accelerated while buying support remained limited.