Data: The largest single-day decline in the cryptocurrency market capitalization in 2024 was 8.4%, which occurred on March 20.
According to CoinGecko's statistics, the largest single-day decline in the cryptocurrency market capitalization in 2024 was 8.4%, which occurred on March 20. Additionally, there has been a recent consecutive 4-day decline, causing the total cryptocurrency market capitalization to shrink from $2.44 trillion on August 2 to $1.99 trillion on August 6.
Reviewing the past decade, the largest single-day correction in the global cryptocurrency market occurred on March 13, 2020, during the Covid-19 crash, with a 39.6% decline. The massive sell-off caused the total cryptocurrency market capitalization to plummet from $223.74 billion to $135.14 billion.
