The total cryptocurrency market capitalization declined by 4.7% today, according to CoinGecko data, slipping below $2.3 trillion. The move is captured by CoinGecko’s metrics for the overall market, highlighting a notable pullback in the sector. Investors digest this broad-based decline, signaling renewed caution in the crypto market.
The move appears to reflect a shift in risk appetite across the space rather than a single-driven event. As liquidity and trading activity cool, market participants may look for signs of stabilization in the coming sessions. If the trend persists, volatility could remain elevated as traders reassess positions.
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