"Cryptocurrency market has loses $ 200 billion in the last 24 hours".
The cryptocurrency market has loses $ 200 billion in the last 24 hours
Bitcoin fell below $ 49,000 due to a recent crash last Tuesday. This has caused panic among retailers, and the cryptocurrency market has shrunk by more than $ 200 billion in just 24 hours after Bitcoin and Ethereum crashed.
Bitcoin, the world's largest crypto asset, fell below $49,000 on Tuesday as BTC's total market cap reached $ 90 billion. Etherium, the world's second-largest cryptocurrency, reached its lowest level in three weeks after falling below ETH TH 1,600.
On the other hand, the total market cap of Etherium stands at around $ 180, which has come down from $ 230 billion on the last 20 days. Then last Saturday, the total value of the cryptocurrency market peaked at 1 trillion, with Bitcoin above $ 8,000, and Etherium at $ 2,000.
And there has been a pleasant environment since then due to the selling pressure of retailers. The total market cap for digital assets is said to be around $ 1.5 million.
The recent crash of Bitcoin and other cryptocurrency assets has sunk a long position of $ 4 billion in the last 24 hours, according to data released by Bybot.com, a crypto analytics firm.
Earlier, BTC topped $2 billion long Bitcoin position in liquid terms. Bybot.com noted that the order for the largest liquid single move on Hubby was due to the $ 20.66 million long bitcoin position sinking due to the crypto market crash.