Crypto market capitalization drops below $2 trillion in the past 24h.
Increased trading volume accompanies widespread altcoin declines.
The crypto market has been experiencing a significant bearish trend, with the overall market capitalization dropping by 9% recently, now falling below $2 trillion to $1.99 trillion. Conversely, trading volume has surged by 40% in the past 24 hours. Bitcoin has been hit hard, dropping 7% to a five-month low of $53,680.23. Despite the decline, Bitcoin dominance has seen a modest increase of 0.56%.
Adding to the turmoil, $110 million was liquidated from the cryptocurrency market hours ago. Ethereum has also faced a substantial decline, down 10% in the past 24 hours, reaching a two-month low of $2,826.33. Reflecting this trend, all altcoins are experiencing double-digit declines, hitting new lows. Notably, the following coins have reached yearly lows:
XRP (XRP)
XRP has plummeted to a 17-month low (nearly a two-year low) of $0.3911, with a 12%
We współpracy z: https://thenewscrypto.com/major-cryptos-hit-yearly-lows-as-bearish-condition-intensifies/
