The global cryptocurrency market experienced a sharp decline, losing over $410 billion in value within 24 hours. The total market capitalization fell by 7.41% to $3.74 trillion. Altcoins were hit particularly hard, with DEXE, KAVA, and FARTCOIN plummeting by 45.86%, 42.68%, and 40.49%, respectively. Major cryptocurrencies also faced losses, with Bitcoin (BTC) dropping 5.7% and Ethereum (ETH) declining 6.9%. Despite the widespread downturn, a few tokens like Zcash (ZEC) bucked the trend, rising 14.66%, while Morpho (MORPHO) and Merlin Chain (MERL) recorded modest gains.