A colossal $0.13 trillion has been wiped off the cryptocurrency market in the last 24 hours, reflecting the sell-off due to the soaring volatility. Bitcoin price hinted at the crash with its retreat beneath the $70,000 mark over the weekend.
Why Focus On Cryptocurrencies To Buy Amid The Bloodshed
The slump in BTC price triggered cascading drops in altcoin prices led by major cryptocurrencies to buy like Ethereum (ETH), Solana (SOL), Bonk (BONK), and Cardano (ADA).
The total market value suffered a major breakdown from $2.55 trillion 24 hours from the time of writing to the current $2.42 trillion. This drop amounts to $0.13 trillion approximately 5%.
Should the anticipated US Consumer Price Index (CPI) data come in hotter than the expected 3.4%, the sell-off could continue. Besides, the Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday could either prop the crypto market for a rebound or extend the crash.
Cryptocurrencies To Buy As Bitcoin Nosedives
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