Crypto Market Cap Declines to $2.4T as Bitcoin Retreats
The global crypto market cap decline by about 3.3% over the last 24 hours to settled at $2.4 trillion, according to data from top cryptocurrency exchanges.
Bitcoin price retreat drove the overall slump in market capitalisation of all cryptocurrency while there second largest crypto, Ethereum, also experienced negative price movement. Retails investors are currently taking profit after huge recovery in the crypto market in the recent time.
At the press time, the total crypto market volume traded has increased by 37.7% to $78.27 billion, data from Coinmarketcap.com revealed. Also, the total volume in DeFi is currently $4.07 billion, 5.21% of the total crypto market 24-hour volume.
Market data showed that the volume of all stable coins is now $71.26 billion, which is 91.05% of the total crypto market 24-hour volume.
Bitcoin price slides below $67,000, triggering a spike in long liquidations. Bitcoin long liquidations have surged over the past 24 hours, as the price of the largest cryptocurrency by market capitalization dropped below the $67,000 mark.
There was ver $68 million in bitcoin long liquidations across centralized exchanges in the past 24 hours, out of a total of $75 million in liquidated BTC positions, according to data from Coinglass.
The broader cryptocurrency market saw over $167 million in total liquidations in the same period, with around $143 million in long positions.
Traders of ETH, the second-largest cryptocurrency by market capitalization, also faced substantial liquidations on leveraged positions across exchanges, with over $40 million liquidated, of which over $33 million were long positions. Bitcoin is currently trading at $66,603, down by 4.26% in the past 24 hours. US Dollar Mixed Ahead Consumer Confidence Data
