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The cryptocurrency market lost a record $ 80 billion per day
The global cryptocurrency market has lost about $ 80 billion over the past 24 hours, reducing its total capitalization by 2.1% to $ 3.96 trillion, according to CoinMarketCap.
Bitcoin BTC $113,086.00 Mezo Wrapped BTC -2.70% Market capitalization $40.62 million VOL. 24 hours $1.69 billion fell by 1.01% to $ 114,416, and its weekly drop is 1.7%. Ethereum ETH $4,155.95 Bridged Ether (StarkGate) -6.68% Market capitalization $97.11 million VOL. 24 hours $2.51 billion lost much more — 4.27% per day and more than 8% over the week, dropping to $ 4,282. Analysts attribute this to the slowdown in ETF flows and the uncertainty of the macroeconomic situation.
Among the altcoins, XRP was the hardest hit: XRP XRP $2.81 XRP -5.69% Market capitalization $167.94 billion VOL. 24 hours $0.47 billion (-4.37% to $ 2.87), Solana SOL $221.07 Binance-Peg SOL -7.23% Market capitalization $0.24 billion VOL. 24 hours $0.98 billion (-3.98% to $ 230.91), Cardano ADA $0.82 Cardano -7.48% Market capitalization $29.86 billion VOL. 24 hours $0.19 billion (-5.55% to $ 0.84), and Chainlink LINK $21.21 Chainlink -8.34% Market capitalization $14.38 billion VOL. 24 hours $0.14 billion (-6% per day). Dogecoin DOGE $0.24 Binance-Peg Dogecoin -10.62% Market capitalization $0.61 billion VOL. 24 hours $0.64 billion became one of the main outsiders, losing 7.66% in 24 hours and more than 12% over the week amid a decline in retail investor interest.
Some coins have shown resilience. Binance Coin BNB $1,018.23 BNB -3.90% Market capitalization $141.72 billion VOL. 24 hours $0.51 billion shed 3.43% overnight, but maintained 10% weekly growth after setting a new all-time high. The USDT and USDC stablecoins remain stable at $ 1, which provides investors with a relative «safe haven» during turbulence.
The level of the Fear and Greed Index is currently 47 (neutral), indicating investor caution. At the same time, the Altcoin Season Index at 65 shows that despite the correction, capital continues to flow into altcoins. Trading volumes exceed $ 137 billion per day, and market participants are closely monitoring the publication of US GDP and inflation data, which may set the next direction for Bitcoin, Ethereum, and the entire sector.