The global cryptocurrency market cap lost in excess of $350 billion overnight leading into Wednesday, May 19, as Bitcoin (BTC), Ether (ETH) and a majority of the altcoin market lost between 15–30%.
Tuesday night’s plunge leaves the global market cap more than $750 billion worse off than it was this time last week. That figure equates to 30% of the $2.5 trillion peak reached by the combined market cap one week ago on May 12.