the global crypto market experienced a notable selloff during Tuesday’s trading session, per CoinMarketCap data. The selling pressure continued today, with the combined market cap dropping 4.9% of its value in the past 24 hours.
The market decline has raised concerns among traders and investors, sparking discussions on the major cause across several online platforms.
Price Performance of Top 5 Digital Currencies
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has shed a substantial amount of its recent gains in trading. At the time of writing, BTC price was down 4.4% in the previous 24 hours to $61,101.
The coin fell from the high of $64,750 recorded on Monday. Despite this, the 24-hour trading volume increased by 55% over the past day, indicating investors’ willingness to accumulate the coin.
Ethereum (ETH), the second-biggest digital asset, is also experiencing a substantial decline in its price. ETH is trading at $2,454 at press time, decreasing
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