Published 03/22/2024, 2:05
The cryptocurrency market has witnessed heavy selling over the past week causing waves of concern among investors, with the price of Bitcoin now trading around the $64,000 level.
The recent volatility has led to a flurry of activity, with prices fluctuating, posing challenges and potential opportunities for those keen to take advantage of the decline.
Cryptocurrency Market Capitalization: How will these sell-offs affect the market?
Naturally, the sell-off experienced by various cryptocurrencies will greatly impact the market value of cryptocurrencies. Bitcoin's market cap dominance currently stands at over 52%, while Ethereum holds 16.3%. Both have seen a decline over the past few days, with Bitcoin's value falling more than 10% over the past week, while Ethereum's value has fallen more than 15% over the past seven days.
The current market cap of cryptocurrencies is approximately $2.43 trillion. However, the market capitalization of cryptocurrencies has declined this week, with cryptocurrencies initially falling on Wednesday, with the market cap falling 18% from its March highs. That was before
Reflections that occurred during Wednesday's session
