The cryptocurrency market cap has dumped below $800 billion following two consecutive days of price drops.
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As of now, bitcoin’s market capitalization is down to $300 billion, with BTC sitting just a few hundred dollars above its multi-year low. Its dominance over the altcoins has remained at just shy of 39%.The second-largest cryptocurrency also lost a substantial chunk of its value in the past 48 hours.
Binance Coin, Cardano, Dogecoin, Polygon, Polkadot, Shiba Inu, and Tron are also with minor daily declines. Rippe is among the few exceptions from the top 10 crypto assets. Litecoin and Chainlink have also charted some gains in the past 24 hours. Both assets are up by about 3% and trade at $62 and $5.9, respectively.
However, most lower- and mid-cap alts suffer as well. Consequently, the crypto market cap has declined to $780 billion, meaning that the metric has seen $60 billion gone in the past two days alone. Moreover, the market cap is down by almost $300 billion since the FTX collapse began two weeks ago.
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