Crypto Market Flash Crash Wipes $60B in 8 Minutes

The cryptocurrency market has experienced a significant downturn following a stronger-than-expected U.S. jobs report, resulting in a $60 billion loss within eight minutes.

SOL, the native token of the Solana blockchain, has managed to hold above the $100 mark, indicating some resilience amidst the chaos.

The recent job report has led to fears across digital assets, causing a rapid loss of market capitalization. SOL's ability to maintain its price above $100 showcases its relative strength in this volatile environment.