๐ DeFi Crashes 38.7% in 24 Hours โ Sector Market Cap Collapses to $62B
The DeFi sector dropped 38.7% in a single day, with its market cap tumbling to $62.12 billion, while stablecoin activity slid 5% and overall crypto market sentiment hit extreme fear. Bitcoin held above $64K (~$64,500) and Ethereum climbed near $1,900, showing larger-cap coins holding firmer than the broader DeFi space. Adding to the pain, over $840 million has been lost to DeFi hacks in 2026 so far โ a 70% year-over-year spike. Is DeFi in a terminal decline or is this a brutal-but-buyable reset? Not financial advice.
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