Bloomberg reports that the major cryptocurrency crash has entered a new phase on Wednesday. The cryptocurrency market has faced another wave of selling, leading to a significant drop in the value of major digital assets. Experts link this to increased regulatory pressure and uncertainty in global financial markets. "We are witnessing a classic example of a panic sell-off," said an analyst at a major bank. "Investors are massively exiting risky assets, which is exacerbating the decline." Data shows that the total cryptocurrency market capitalization has decreased by 15% in the last 24 hours. Authorities in leading world economies are tightening control over the industry, causing concerns among market participants.
