((Why is the crypto market down today?
The crypto market is down today as investor concerns about the upcoming Consumer Price Index report and the state of the U.S. economy lead to derisking manuevers.
The cryptocurrency market is down today, with the total market capitalization falling by 3.70% to $2.59 trillion on April 9 amid $250 million in crypto derivatives market liquidations.
Bitcoin ($68,501) the largest cryptocurrency by market capitalization, led the decline by falling 4.12% to around $68,941 in the last 24 hours. Ether ETH tickers down $3,471 the second-largest crypto, has dipped 4.63% to trade at $3,508 in the same period.
