Crypto Market Faces Drastic Sell-Off, Sending Shockwaves Worldwide
Main Idea
The cryptocurrency market experienced a significant sell-off on August 1st, leading to a 2.4% drop in total market value, with major cryptocurrencies like Bitcoin and Ethereum seeing notable declines.
Key Points
1. The total cryptocurrency market value fell by 2.4% to $3.78 trillion within 24 hours.
2. Bitcoin (BTC) dropped over 2% to $115,957, and Ethereum (ETH) declined by 3.6% to $3,717.
3. Altcoins like Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and XRP also saw significant declines, with losses ranging from 3.7% to 5.87%.
4. The Altcoin Season Index plunged to 35, indicating a shift in market sentiment.
5. $631.98 million worth of leveraged positions were liquidated due to the market decline.
Description
The crypto market sharply declined, losing 2.4% in total market value. Bitcoin and Ethereum declines led to harsher losses in altcoins. Continue Reading: Crypto Market Faces Drastic Sell-Off, Sending Shockwaves Worldwide The post Crypto Market Faces Drastic Sell-Off, Sending Shockwaves Worldwide appeared first on COINTURK NEWS .
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