Global Crypto Market Cap Drops 0.8% to $4.17 Trillion
The total crypto market cap fell by 2%, reaching $3.85 trillion as Bitcoin dipped below $109,000 and liquidations surged, exacerbating the market downturn.
BTC
ETH
SOL
Summary
The global cryptocurrency market capitalization decreased by over 2% in the past 24 hours to $3.85 trillion, according to CoinGecko. Bitcoin fell below $109,000, and liquidations surpassed $1.2 billion. The overall market downturn affected major assets, while altcoins experienced significant losses.
Terms & Concepts
- Market Capitalization (Market Cap): The total value of a cryptocurrency or the entire crypto market, calculated by multiplying the current price by the total supply of coins or tokens in circulation.
- Cryptocurrency: A digital or virtual currency that uses cryptography for security and operates on decentralized blockchain technology.