The cryptocurrency market collapsed by 3 367 billion. per day-mass media
Kyiv • UNN
The total value of cryptocurrencies fell by 3 367 billion due to the fall of bitcoin by 15% and ether by 22% in 24 hours. The sell-off coincided with a broader drop in stock markets due to fears of a recession.
The cryptocurrency market fell on Monday, losing about .367 billion in value in 24 hours, reports CNBC, writes UNN.
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The cryptocurrency market plummeted in price on Sunday and continued to fall on Monday morning, as investors were getting rid of risky assets, vilannya points out.
According to CoinGecko, the total value of cryptocurrencies has fallen by about.367 billion due to a 15% drop in bitcoin over the past 24 hours and a 22% drop in ether. According to CoinGecko, the fall in cryptocurrency prices led to liquidations in the derivatives markets worth more than.1.13 billion.
The price of bitcoin reached its lowest level since February and briefly fell below the цін 50,000 price threshold to.49,111. 10.
The price of ether, the power token, which lies in the basis of the Ethereum blockchain, fell approximately to 2200 dollars and erased its original price. The BNB Binance token has fallen by 20%, and Solana by 22%.
The sell-off in the cryptocurrency market coincided with a broader drop in stocks in the markets. Japan's Nikkei 225 is down more than 12%, extending losses that began last week after the Bank of Japan announced it was raising its benchmark interest rate to its highest level in 16 years. It was the worst day for the index since falling on Black Monday in 1987.
In the US, the Nasdaq fell 3.4% last week in a correction zone, ending the index's worst three-week period with a large number of tech companies since September 2022, when the market was in free fall. Amazon and Nvidia contributed to the decline. Stock futures pointed to a gloomy Monday, the newspaper notes.
