Crypto market sees over $100 billion inflow in 24 hours as Bitcoin reclaims $30k
After a tumultuous couple of weeks with bearish pressure causing the majority of cryptocurrencies to extend to the downside, Bitcoin today, May 13, has reclaimed the crucial $30,000 level.As a result, the price of altcoins has increased, which has led to an infusion of cash into the global cryptocurrency market cap, which has increased by over $100 billion in the last 24 hours.
In fact, as of May 12 at 11:25 UTC, the overall market capitalization was $1,193 billion, compared to $1,301 billion on May 13. At the time of publishing, CoinMarketCap data indicates that $108 billion has entered the market.The precipitous decline of Bitcoin and other cryptocurrencies seems to have slowed, leaving investors to tally their losses following one of the most severe drops in recent times.
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