Global Markets Have Shed $234 Million in the Past 24 Hours

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In the past 24 hours, the global crypto market cap has dropped approximately 5.50% according to the crypto market tracking website, CoinMarketCap. At press time, the crypto market cap stands at $802.89 billion. This drop is in line with the Nasdaq drop over the same time period. The market liquidation is now approximately $234 million.

Looking at the top 10 cryptos by market cap, the crypto market leader, Bitcoin (BTC), has seen its price drop 4.02% over the last 24 hours. Ethereum (ETH) is down 7.34%, Binance Coin (BNB) is down 12.54%, and the price of Dogecoin (DOGE) dropped 10%. Cardano (ADA) and Polygon (MATIC) experienced 12.61% and 8.87% price drops respectively.

Filecoin (FIL) experienced the biggest price drop over the last 24 hours. At press time, the price of FIL stands at $3.02 after it plummeted 27.11% in just the last day. This has pushed its weekly performance to -31.39%.

The Binance FUD that remains in the market has dragged down the prices of Binance-based altcoins, Trust Wallet Token (TWT) and Chiliz (CHZ).

At press time, TWT is down 24.28% – taking its price down to $1.58. The altcoin has also weakened against BTC and ETH by 21.12% and 18.35% respectively. Meanwhile, the price of CHZ has plummeted 17.10% over the last 24 hours. This has brought its price down to $0.1173. CHZ has also weakened against BTC by 13.68% as well as ETH by 10.69%.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.


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