The cryptocurrency market is experiencing a notable downturn, with the total market capitalization slipping around 4% in the past 24 hours to approximately $2.42 trillion. This significant dip is primarily driven by declines in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), triggering widespread liquidations across the market.

Market Overview

During the early European trading session, Bitcoin and Ethereum led the correction in the cryptocurrency market.&middot

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