Bitcoin Steadies After $290 Billion Crypto Market Crash: Weekend Selloff Analysis

The cryptocurrency market experienced a severe downturn over the weekend, with a massive selloff erasing approximately $290 billion from the total market capitalization. Bitcoin (BTC), the leading digital asset, led the decline before finding a level of stability. This sharp correction impacted a wide range of altcoins, contributing to the significant loss in overall market value. Analysts are scrutinizing the causes of the selloff, which may include macroeconomic pressures, regulatory concerns, and leveraged position liquidations. The stabilization of Bitcoin's price is now a key focus for traders, as it often sets the tone for broader market sentiment. The event underscores the volatile nature of crypto markets and the importance of risk management for investors navigating these rapid price swings.