The crypto market sees a "5/19" scenario again, with the total market cap of cryptocurrencies evaporating over $600 billion in a short period.

BlockBeats News, October 11th, the crypto market saw another “519” event, with the total cryptocurrency market cap evaporating over $600 billion briefly.

Some altcoins experienced a drop of over 95%, and the market is currently in a phase of recovery following a deep plunge.