Crypto Markets Experience Correction Amid Derivatives Liquidation
- The cryptocurrency market cap is down by almost 3.24% indicating a correction after a rally.
- Bitcoin witnessed less volatility compared to other cryptocurrencies.
The digital assets market was under pressure today as investors observed a broad-based decline in the prices of major cryptocurrencies. The overall market capitalization fell by 3.24% currently stands at $3.8 trillion, which indicates a significant change in the mood of the market. Bitcoin was relatively stable as altcoins showed a stronger selling pressure during the trading session.
Broad-Based Decline is Caused by Market Dynamics
As per CMC data, the crypto market cap fell below 3.24% as key tokens moved away to new highs. Bitcoin was in a tight range…
