The global cryptocurrency market capitalization stood at $2.99 trillion, retreating 1.07% over the last 24 hours, according to CoinMarketCap. This reduction comes as traders reassess risk across digital assets amid ongoing market volatility. Analysts caution that short-term moves in broader markets could continue to influence sentiment for major currencies and altcoins.
The drop underscores how near-term shifts in broader markets can influence crypto sentiment. Traders also note that liquidity conditions can amplify near-term swings.
With volatility persisting, investors will be watching macro developments and liquidity conditions for clues on further price moves across the crypto space. The market remains sensitive to broader market cues, making near-term dynamics hard to forecast.
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