Bitcoin bounces, HYPE falls, NEAR gets demolished as crypto deals with a wipe out

60-second summary

Bitcoin is experiencing a brief bounce, but several tokens that had been gaining traction are now plummeting, including HYPE, which is being severely affected. Meanwhile, NEAR is getting demolished alongside other struggling assets. The crypto market is witnessing a widespread wipeout, with prices plummeting and investors scrambling to reassess their portfolios amidst the chaos.