(HedgeCo.Net) After a strong early-October rally, the global crypto market has taken a breather. The total market capitalization reportedly fell below $4 trillion, with nine of the top ten coins posting losses on October 14. The Economic Times The drop followed a record 24-hour wipe-out driven by macro tensions and thin liquidity. MarketWatch+1
Key points:
- Market peaked around $3.95 trillion before pull-back. Yahoo Finance
- The sharp correction has heightened caution, especially among altcoins with thinner trading volumes.
Implications: This correction may recalibrate investor risk appetites — those who were riding the “Uptober” wave may now reassess exposures. While corrections are not unusual, the speed and depth suggest heightened volatility remains.
Watch-outs: - How prolonged the correction will be.
- Whether institutional flows step back or re-enter.
- Which asset classes hold up (Bitcoin vs altcoins).