Crypto Market Cap Slips Below $1 Trillion as Altcoins Bleed Out (Market Watch)

As the majority of altcoins continue to lose value, the total cryptocurrency market capitalization fell below $1 trillion on Saturday. Bitcoin also fell below the $20,000 mark as the bulls failed in their attempts to generate meaningful gains.

Bitcoin below $20K

The price of the primary cryptocurrency has not seen any significant increases over the past 24 hours, and is currently down 1.3%. Although the bulls tried to push the price higher on several occasions, they were unable. This allowed the sellers to win and push BTC down to $20K.

Source: Quantify Crypto

In the last 24 hours, $28 million worth BTC positions were liquidated. This is a small amount, but it shows that volatility has also dwindled. ETH futures traders appear to be more common at this point.

ltcoins are dying

Alternative coins suffered a steady sideways decline of 1% to 3% in the last 24 hours. This is typical of bear markets.

Source: Quantify Crypto

ETH lost approximately 2.61% during the period. This led to $90 million worth ETH positions being liquidated. OKEx was the site that received the largest single liquidation order with a face value $1.86million.

Solana lost 1.5%; MATIC – 1.2%; Ethereum Classic – 1.42%; NEAR – 2.3% and so on. Filecoin is the largest outlier in the last 24 hours, up nearly 9%. Helium’s HNT token, on the other hand is down 7.5%. This is the cryptocurrency that has lost the most.

CryptoPotato’s first post, Crypto Market Cap Drops Below $1 Trillion (Market Watch), appeared first on CryptoPotato.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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