Historic Decline in Cryptocurrency Market Capitalization: Largest Daily Drop Since 2022.
In the past 24 hours, the global cryptocurrency market capitalization has experienced a dramatic decline, marking the largest daily drop since January 2022 . According to recent data, the market capitalization has fallen to $1.94 trillion , representing a drop of over 13% within a single day. This significant change highlights the growing market uncertainty , driven by geopolitical tensions in the Middle East and concerns about the stability of the global economy . The liquidation pressure on cryptocurrency markets has been extraordinarily high. In the last 24 hours, 280,093 traders have been liquidated, leading to a total liquidation value of $1.07 billion on centralized exchanges. Bitcoin has been particularly affected, with liquidations amounting to over $362 million , of which approximately $302 million were long positions. Bitcoin’s price has dropped nearly 13% ...