The post Crypto market just wiped out $100 billion  appeared on BitcoinEthereumNews.com. The cryptocurrency market continues to witness volatility, with notable capital outflows invalidating the recent bullish momentum. To this end, the global market shed roughly $100 billion in the past 24 hours, with total capitalization falling from about $3.15 trillion to $3.05 trillion as a wave of liquidation pressure and weakening investor appetite triggered a broad downturn. Total crypto market cap 30-day chart. Source: CoinMarketCap The pullback was led by Bitcoin (BTC), which slipped below $90,000 this week after failing to hold the $94,000–$95,000 range. The move marks its second major breakdown this month and erased gains from earlier recovery attempts. As of press time, Bitcoin dropped 1.77% to $89,614, Ethereum (ETH) fell 3.14% to $3,031, and BNB dipped 0.93% to $884.76. XRP slid 1.75% to $2.03, while Solana (SOL) recorded one of the steepest declines, falling 2.91% to $132.81. Top cryptocurrencies’ performance. Source: Finbold Why crypto market is tumbling  The overall market decline was driven primarily by a cascade of forced liquidations. Nearly $500 million in leveraged positions were wiped out across major exchanges, including roughly $420 million in longs. More than 140,000 traders were liquidated within a single day, accelerating the downturn. Weaker ETF demand added to the pressure with BlackRock’s iShares Bitcoin Trust having now logged six consecutive weeks of outflows totaling more than $2.8 billion, while overall US spot Bitcoin ETF inflows dropped to just $59 million on December 3, signaling softening institutional interest at a critical moment. At the same time, macro conditions deepened the volatility. The Bank of Japan hinted at a possible rate hike, a shift that threatens carry-trade liquidity supporting global risk assets. Additionally, traders moved to reduce exposure ahead of the latest US PCE inflation report, keeping Bitcoin locked in a cautious $91,000–$95,000 range before the sell-off intensified. Although the PCE data… The post Crypto market just wiped out $100 billion  appeared on BitcoinEthereumNews.com. The cryptocurrency market continues to witness volatility, with notable capital outflows invalidating the recent bullish momentum. To this end, the global market shed roughly $100 billion in the past 24 hours, with total capitalization falling from about $3.15 trillion to $3.05 trillion as a wave of liquidation pressure and weakening investor appetite triggered a broad downturn. Total crypto market cap 30-day chart. Source: CoinMarketCap The pullback was led by Bitcoin (BTC), which slipped below $90,000 this week after failing to hold the $94,000–$95,000 range. The move marks its second major breakdown this month and erased gains from earlier recovery attempts. As of press time, Bitcoin dropped 1.77% to $89,614, Ethereum (ETH) fell 3.14% to $3,031, and BNB dipped 0.93% to $884.76. XRP slid 1.75% to $2.03, while Solana (SOL) recorded one of the steepest declines, falling 2.91% to $132.81. Top cryptocurrencies’ performance. Source: Finbold Why crypto market is tumbling  The overall market decline was driven primarily by a cascade of forced liquidations. Nearly $500 million in leveraged positions were wiped out across major exchanges, including roughly $420 million in longs. More than 140,000 traders were liquidated within a single day, accelerating the downturn. Weaker ETF demand added to the pressure with BlackRock’s iShares Bitcoin Trust having now logged six consecutive weeks of outflows totaling more than $2.8 billion, while overall US spot Bitcoin ETF inflows dropped to just $59 million on December 3, signaling softening institutional interest at a critical moment. At the same time, macro conditions deepened the volatility. The Bank of Japan hinted at a possible rate hike, a shift that threatens carry-trade liquidity supporting global risk assets. Additionally, traders moved to reduce exposure ahead of the latest US PCE inflation report, keeping Bitcoin locked in a cautious $91,000–$95,000 range before the sell-off intensified. Although the PCE data…