Over $370 billion outflows crypto market cap in a week as downwards pressure intensifies
Bitcoin’s (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 sentiment across markets has taken its toll on crypto as its values continue to spiral downwards.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.
Source
Join @Crypto_Publisher
Contact us @Crypto_Marcus
