Crypto Carnage: How Much Value Did Markets Lose in 24 Hours?

The cryptocurrency market experienced a major shock, marked by significant liquidations and a sharp drop in value. Just how much did the markets lose in a single 24-hour period? Let\'s delve into the details of this recent "crypto carnage."

Over the last 24 hours, the crypto market suffered a devastating wipeout of more than $26 billion, making it one of the most intense daily sell-offs in all of 2025. This brutal movement, a symptom of a constantly bubbling market, left many traders reeling.

Massive Liquidations Across Platforms

The aggregate liquidations of the past 24 hours from all crypto platforms summed up to $1.34 billion with Bybit and Binance ruling the roost. Binance alone experienced $246 million in liquidations. This underscores the widespread impact of the market downturn.

In just 24 hours, nearly $760 million dollars have been liquidated, including $200 million in just one hour. The crypto carnage resulted in approximately $864 million worth of liquidations in 24 hours, with Bitcoin traders bearing the brunt of the losses.

Key Cryptocurrencies Affected

Bitcoin, Ethereum, and Dogecoin are among the most affected cryptocurrencies during this period of volatility. All top 50 cryptocurrencies experienced losses, contributing to the overall market decline.

Bitcoin\'s Tumbling Price

In a turbulent 24-hour trading session, the cryptocurrency market saw nearly $200 million wiped out in liquidations as Bitcoin price dropped below $61,000. This sharp decrease amplified the losses across the board.

How Much Has The Crypto Markets Lost in Value?

The markets recently reclaimed $1 trillion in market cap but are now way behind the achieved target. The global crypto market experienced a major shock with over $827 million in positions liquidated within 24 hours, mainly on long positions.