The crypto market is down today, with the cryptocurrency market capitalization decreasing by 4.9%, falling to $3.67 trillion. Of the top 100 coins, 97 have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $234 billion. TLDR:
The crypto market capitalization is down by 4.9% on Friday morning (UTC);
97 of the top 100 coins and all top 10 coins are down;
BTC is down 4.5% to $105,732, and ETH fell 6% to $3,764;
A break below $99,900 could lead to a much deeper correction;
’There is a strong conviction in Bitcoin as a utility asset, not just a store of value’;
’We are likely to see Bitcoin move more in tandem with other financial markets’;
US BTC and ETH spot ETFs both saw outflows on Thursday of…
