CoinGecko: The crypto market decline in early August is not one of the most severe market corrections in the past decade.
PANews reported on August 10 that CoinGecko posted on a platform, stating that although the recent four-day decline has caused the total cryptocurrency market capitalization to drop from $2.44 trillion on August 2 to $1.99 trillion on August 6, this decline is not one of the most severe market corrections in the past decade, as the daily decline is less than 10%. Historical data shows that the most severe correction in the global cryptocurrency market occurred on March 13, 2020, affected by the panic of the COVID-19 pandemic, when the cryptocurrency market plummeted 39.6%. The total cryptocurrency market capitalization plummeted from $223.74 billion to $135.14 billion (DoD), compared to the largest sell-off this year in March, which was an 8.4% decline.
[CoinGecko: The cryptocurrency market decline in early August is not one of the most severe market corrections in the past decade]
