With the total market cap of cryptocurrencies surging in 24 hours, investors are seeing an opportunity.
According to data provided by Coingecko, the global cryptocurrency market capitalization has decreased by 44%, the biggest drop in more than four months. With top assets Bitcoin (BTC) and Ethereum (ETH) sliding sharply, the total market capitalization of digital currencies has gone from 1$71 trillion fell to $1$64 trillion.
According to Coingecko, while the entire market is cooling, the market capitalization of decentralized finance (DeFi) tokens is still growing slightly. In the last 24 hours, it rose from $75.3 billion to $75.6 billion.
In addition, according to data provided by Santiment, in the past 24 hours, the number of discussions on social media related words such as "buy low", "low", "buy low" has increased significantly, reaching the highest level in two months.
According to data from market intelligence platforms, as the market enters a "very greedy" phase, most of the discussion comes from Reddit and X.
After Bitcoin briefly reached a high of $44,000 and Ethereum also touched the $2,400 area, the entire market began**.
Bitcoin is up 41%, currently trading** around $42,150. Although Bitcoin's market capitalization is still as high as $820 billion. Ethereum and many other altcoins are moving in much the same direction. Ethereum is up 4 in the last 24 hours9%, currently trading** at $2,230.
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