Crypto Market Shaken: $1.7B Liquidated as Altcoins Tumble

Crypto Market Shaken: $1.7B Liquidated as Altcoins Tumble

The crypto market experienced a turbulent start to the week, witnessing one of its most significant downturns in 2025. This sudden plunge resulted in a staggering loss of over $151 billion in market value within a mere 24-hour period. Data compiled by CoinGlass reveals that this sharp correction led to the liquidation of more than $1.7 billion in leveraged positions, leaving a substantial number of traders—over 402,000 individuals—facing considerable losses. This event underscores the inherent volatility and risk associated with highly leveraged cryptocurrency trading, particularly for those positioned in altcoins. The fallout was widespread, impacting major cryptocurrencies and altcoins alike. Ethereum (ETH) bore the brunt of the liquidations, accounting for nearly $500 million in wiped-out positions. Bitcoin (BTC), the market leader, also saw significant losses, with approximately $284 million in leveraged positions closed out. Beyond the top two, a range of altcoins including XRP, S…