The cryptocurrency market turned red in the past few days with the largest losses happening in the last 24 hours. This retracement came amid concerns about what some investors suggest are signals of crypto reaching a local top.
In particular, over $230 billion vanished from crypto’s total market cap amid over $650 million in liquidations.
First, TradingView’s Cryptocap 4-hour chart index shows the market has lost $233.33 billion of capitalization in 24 hours. The total market value dropped from $2.508 trillion to as low as $2.275 trillion by press time.
Bitcoin (BTC) had significant protagonism in this crash as the market’s leader and with a capitalization dominance superior to 53%. Specifically, BTC lost $100 billion of its value from $1.342 trillion to $1.242 trillion capitalization in 24 hours.
4-hour charts: Total crypto market cap index and BTC market cap. Source: TradingView (Finbold)
Over $655 million crypto liquidations in 24 hours
In the meantime, the crash
We współpracy z: https://finbold.com/crypto-market-turns-red-as-230-billion-wiped-in-a-day/
