Crypto market wipes out $60 billion in 1 hour

The cryptocurrency market endured a sharp pullback on October 7, shedding roughly $60 billion in total value within a single hour. According to data retrieved by Finbold from CoinMarketCap, the global market capitalization dropped from $4.30 trillion at 3:00 p.m source: https://finbold.com/crypto-market-wipes-out-60-billion-in-1-hour/