Crypto Market Drops, Market Cap Drops Below $1 Trillion

Cryptocurrency market has fallen in the past 24 hours. Global market capitalization is down 8.05% over the past 24 hours and is $1.04 trillion as of 8 a.m. IST, as CoinMarketCap data shows.

Bitcoin is down 8.76% and trading at $23,800.

Ethereum also showed a major downtrend and stayed at $1,368 after falling 10.14%.

USDT Tether has shown a 0.02 drop in change over the past 24 hours.

while USDC stablecoin There was a 0.00 percent change and remained pegged at $1.

BNB tokens were down 9.86 percent.

Solana fell significantly 11.93%.

XRP Ripple is also down, down 5.62% over the past 24 hours.

The ADA token fell 12.04%.

Dogecoin is down 9.81%.

Overall, the top major tokens have dropped drastically from their positions over the past 24 hours.

The global cryptocurrency market cap dropped to $1 trillion. It’s worth noting that the market cap was $3 trillion about 6 months ago, a record high.

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