The cryptocurrency markets are losing $ 100 billion a day

It is safe to say that the last few days have not gone so well for bitcoin. On January 15, it rose to just under $ 44,000 after an impressive rise, however it failed to break through that level, almost immediately dropping to $ 43,000 and then further down. As a result, its market cap fell below $ 800 billion. Alternative currencies have also been damaged in recent days. Ethereum traded above $ 3,400 last week before the market-wide correction began to push it lower. Binance Coin fell by a similar percentage and struggles to stay above $ 460. Other losses come from Cardano, Solana, Ripple, Dogecoin, Avalanche, Shiba Inu, CRO and Polkadot.

The situation with Terra, Polygon, NEAR Protocol, Chain Link and ATOM is even more serious as most are down by double digits. POKT (-20%), XRM (-12%), FTM (-11%), FXS (-10%), AXS (-10%) and OKB (-10%) are also in deep red. Ultimately, the market cap of cryptocurrencies dropped by around $ 100 billion in one day.

by Alessandro Crea Thursday 20 January 2022 12:00 ARTICLE 100