Editor's PiCK
The total cryptocurrency market capitalization is $3.25 trillion... Down 4.6% over the last 7 days
Summary
- It was reported that the total cryptocurrency market capitalization fell by 4.6% over the past 7 days.
- There was an analysis that Bitcoin has entered a correction phase after falling for four consecutive days.
- It was stated that Bitcoin's decline is having a greater impact on major altcoins by market cap.
The downward trend across the cryptocurrency market has become more pronounced, with cryptocurrency market capitalization decreasing by 2.81% in a single day.
According to CoinMarketCap on the 31st, the total cryptocurrency market capitalization recorded $3.25 trillion on this day, a decline of 2.81% from the previous day. The cumulative decline in total market capitalization over the past 7 days has reached 4.6%. Along with this, there is an interpretation that Bitcoin has entered a correction phase after falling for four consecutive days.
On this day, Alex Kuptsikevich, chief analyst at FxPro, stated, "Bitcoin's decline is having an even greater impact on major altcoins by market cap, with Ethereum down 3.5%, XRP down 4%, Solana down 4.6%, and Dogecoin retreating by 8.5%," he said.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
