Crypto crash deepens; $1 trillion in market value vanishes in three weeks — what’s fuelling the sell-off?

The cryptocurrency market continued to tumble on Thursday, as digital assets extended their steep losses, wiping out more than $1 trillion from their total market capitalisation in just over three weeks.

The sell-off has sent shockwaves through the crypto ecosystem, affecting a wide range of tokens and raising fresh concerns among investors about market stability and the prospects for a near-term recovery.

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