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Ethereum plunges nearly 22%, dragging altcoins below $880B amid market-wide crypto sell-off

Market News
06 Jun 2026
Cointribune
View Source
Bearish
pluang ai news

Ethereum dropped nearly 22% over a week, falling from $1,700 to $1,545 and triggering massive liquidations of $468 million. This decline dragged total altcoin market capitalization below $880 billion, reflecting a loss of confidence amid a prolonged weak trend since late 2024. Other altcoins like Zcash also crashed due to technical flaws, while Bitcoin and major stock indices fell, reducing appetite for risky assets. The crypto market remains fragile with ongoing investor caution and sector rotations.

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