Over $370 billion outflows crypto market cap in a week as downwards pressure intensifies - BitcoinEthereumNews.com
cryptoMahigit sa $370 bilyon ang outflows na crypto market cap sa isang linggo habang tumitindi ang pababang presyon05 / 11 / 2022Balita ng Ethereum ng Bitcoin Bitcoins (BTC) price has fallen to its lowest point since July 2021 as a result of five consecutive days of falling prices. The price drop has coincided with a decline in the larger financial markets, which has spread to other prominent cryptocurrencies like Ethereum (ETH), Cardano (ADA), and Terra (LUNA). On May 4, the entire value of the crypto market stood at $1.739; in comparison, the price of the entire market as of May 11 stands at $1.364 trillion, according to CoinMarketCap data. Thus, in just seven days, a total of $375 billion has outflowed the global cryptocurrency market cap as the bearish damdamin across markets has taken its toll on crypto as its values continue to spiral downwards. 7-day global crypto market cap. Source: CoinMarketCap The global cryptocurrency market capitalization has decreased by 7.09% over the previous day, with volume over the last 24 hours totaling $148.02 billion, representing a fall of 29.18%. While the overall volume of DeFi is presently $17.67 billion, the total volume of all stable currencies is currently $134.92 billion, accounting for 91.15% of the total