The total cryptocurrency market capitalization dropped sharply, losing about $100 billion in value over the past day. Bitcoin led the decline with a 4–5% drop, while Ether fell even harder (up to 5.2%). Investors fled risk assets as macroeconomic fears intensified.
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Crypto Market Sheds $100 Billion in 24 Hours
The total cryptocurrency market capitalization dropped sharply, losing about $100 billion in value over the past day. Bitcoin led the decline with a 4–5% drop, while Ether fell even harder (up to 5.2%). Investors fled risk assets as macroeconomic fears intensified.