The Crypto Market Cap declined by about 3.3% over the last 24 hours to settle at $2.4 trillion.
According to data from top cryptocurrency exchanges, the volume of all stable coins is now $71.26 billion, which is 91.05% of the total crypto market 24-hour volume.
Bitcoin price slid below $67,000, triggering a spike in long liquidations.
Bitcoin long liquidations have surged over the past 24 hours, as the price of the largest cryptocurrency by market capitalization dropped below the $67,000 mark.
Bitcoin price retreat drove the overall slump in market capitalisation of all cryptocurrency while the second largest crypto, Ethereum, also experienced negative price movement.
Retails investors are currently taking profit after huge recovery in the crypto market in the recent time.
As at press time, the total crypto market volume traded has increased by 37.7% to $78.27 billion, data from Coinmarketcap.com revealed. Also, the total volume in DeFi is currently $4.07 billion, 5.21% of the total crypto market 24-hour volume.
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