Crypto Economy Market Cap Drops Below $800 Billion For First Time Since December 2020 – Markets & Prices Bitcoin News
Global cryptocurrency market capitalization fell below the $800 billion territory for the first time in 691 days or for the first time since December 30, 2020. It fell 7.61% on Monday to break below the $1,100s.
The crypto economy fell more than 4% in the previous day, with bitcoin below $16,000 and ethereum below $1,100
Cryptocurrencies were rocky on Monday as the overall market capitalization of digital assets fell 4.37% from the previous day. Additionally, the USD valuations of all existing crypto assets have fallen below the $800 billion zone, the lowest since December 30, 2020.
Cryptocurrency trading volume increased from $150 billion to $225 billion during the FTX market turmoil, but global trading volume surged to $66.66 billion in 24-hour trading volume on November 21, 2022. decreased to It dipped below the $16,000 range on Monday and is currently trading well at $15,721 per unit at 3:30 PM ET.
Ethereum (ETH) is trading at $1,091.14 per unit after losing 7.61% USD value over the past 24 hours. Monday’s biggest losers included Near Protocol (NEAR), down 12.6%, Terra Luna Classic (LUNC), down 11.1%, and Solana (SOL), down 10.7% in 24 hours.
Coins such as huobi (HT), ethereumpow (ETHW) and apecoin (APE) rose between 1.7% and 7.3% today, with HT leading the way. Currently, BTC’s dominance in digital assets across the crypto-economy is 38.7% on Monday, while ETH’s dominance is 17.1%.
When it comes to global trade volume on Monday, Tether (USDT) dominates the book with $53.73 billion out of $66.66 billion in global trade volume. Moreover, USDT’s dominance increased to 8.102% of him as the crypto-economy valuation contracted on Monday.
The market value of US Dollar Coin (USDC) is equivalent to 5.485% of the crypto-economic value of $786.27 billion on November 21, 2022. In addition to crypto assets, the US stock market has trembled with all four of his major indices (NYSE, Nasdaq, Dow). , the S&P 500) fell for most of Monday’s trading session.
Precious metals fell on Monday, with gold down 0.69% and silver down 0.48%. Platinum happened to be up 0.41% against the US dollar, while palladium fell 3.74% in New York spot prices today. By 4:15pm ET on Monday, BTC’s price had risen to $15,900 and ETH’s value had crossed the $1,100 zone.
What do you think about the crypto economy falling below the $800 billion mark? Let us know what you think about this in the comments section below.
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Crypto Economy Market Cap Drops Below $800 Billion For First Time Since December 2020 – Markets & Prices Bitcoin News
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