Crypto market loses $300 billion this week as Ether fell 12% and Bitcoin dropped 5%

The crypto market got slammed with a brutal $300 billion loss this week as leverage-heavy trades across the board unraveled, tanking major coins and dragging overall sentiment to levels not seen since June. The crash started snowballing after Ether dropped a steep 12%, its worst weekly drop since the middle of the year. That fall sent it crashing below $4,000, a level traders had been watching like hawks for months.