Crypto Markets in Shock: More Than Half of Top 50 Cryptocurrencies in the Red Zone After Biggest Selloff in a Year

- Market Cap Down $510B

- 60% of Top 50 Coins Lose All 2024 Gains

- ETH Price Drops Below $2,200, Possible Further Fall

Reasons for the Selloff:

- Bank of Japan Raises Rate to 0.25%

- Major Market Makers Sell 130,000 ETH

Memcoins Were Hit the Hardest:

- WIF Down 41%

- PEPE Lost 34%.

📉