Weekend selloff wipes out $290 billion before bitcoin steadies: Crypto Markets Today

Crypto markets stabilized after a thinly traded weekend rout wiped out nearly $290 billion of total market capitalization. What to know : Bitcoin and ether found support after dipping to $74,674 and $2,164, respectively. Both have gained around 1% since midnight UTC. A weekend selloff erased roughly $290 billion in crypto market value, while U.S. equity futures and precious metals also declined, reflecting a broad retreat from risk assets. Altcoins were hit hard in low-liquidity conditions, with over $300 million in ether liquidations and steep weekly drops across DASH, OP, SUI and XTZ, though HYPE surged more than 40% as a standout outperformer.(Coindesk)