The cryptocurrency market continues to witness volatility, with notable capital outflows invalidating the recent bullish momentum.
To this end, the global market shed roughly $100 billion in the past 24 hours, with total capitalization falling from about $3.15 trillion to $3.05 trillion as a wave of liquidation pressure and weakening investor appetite triggered a broad downturn.
Total crypto market cap 30-day chart. Source: CoinMarketCap
The pullback was led by Bitcoin (BTC), which slipped below $90,000 this week after failing to hold the $94,000–$95,000 range. The move marks its second major breakdown this month and erased gains from earlier recovery attempts.
As of press time, Bitcoin dropped 1.77% to $89,614, Ethereum (ETH) fell 3.14% to $3,031, and BNB dipped 0.93% to $884.76. XRP slid 1.75% to $2.03, while Solana (SOL) recorded one of the steepest declines, falling 2.91% to $132.81.
Top cryptocurrencies’ performance. Source: Finbold
Why crypto market is tumbling
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