Yahoo Crypto Market • October 7th 2026, 3:55 PM
Crypto Market Selloff Deepens as $700M in Bitcoin, ETH, XRP, SOL, DOGE, XAU Liquidated
Key Summary
The crypto market experienced a significant selloff on Wednesday, with the market capitalization plummeting to $2.9 trillion and wiping out over $100 billion in the last 24 hours. Despite the decline, sentiment among crypto investors remains strong, with the Crypto Market Fear & Greed Index still indicating greed.
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Market Capitalization Plummets
The crypto market selloff on Wednesday resulted in a market capitalization of $2.9 trillion, a decline of over $100 billion in the last 24 hours. This represents a significant correction from the previous day's high of $3.1 trillion.Investor Sentiment Remains Strong
Despite the decline, sentiment among crypto investors remains strong. The Crypto Market Fear & Greed Index, which measures investor sentiment, dropped from 73 (greed) to 70 (greed) today. This indicates that investors are still optimistic about the market, despite the recent correction.Bitcoin Leads the Decline
Bitcoin (BTC) has led the decline, with a plunge of over 4% in the last 24 hours. Other cryptocurrencies such as Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) have also seen significant declines.#Crypto#US#MarketSelloff#Bitcoin#SEC