$500B Crypto Wipeout: Largest 3-Day Loss in a Year

<h1 class="d-none">Crypto Market Sees $500B Wipeout Amid Recession Fears</h1> <h2 class="d-none">Crypto Market Faces $500B Plunge Amid Economic Uncertainty</h2> Crypto Market Sees $500B Wipeout Amid Recession Fears

The crypto market witnessed a $500 Billion sell-off over last three days, its largest sell off in a year.

Weak jobs data and recession fears have led to a significant crypto market downturn, showcasing bearishness in market.

Bitcoin (BTC) and Ethereum (ETH) prices plummeted 10% and 18% respectively in two hours, suggesting fear among the traders & investors.

Solana (SOL) saw the most significant drop among top 10 cryptos, down 30.6% since July 30 as per the coinmarketcap data.

Major companies like Microsoft and Intel posted disappointing Q2 results, contributing to the market decline.

The Crypto Fear and Greed Index dropped to "fear" with a score of 26, indicating negative market sentiment.

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