Global Crypto Market Cap Dips as Bitcoin Retreats

Global cryptocurrencies market capitalisation declined by 0.68% due to sell pressures in top digital assets due to bearish sentiment. Due to price declines in Bitcoin (BTC-USD), Ethereum (ETH-USD), and other major assets, the market value of all cryptos dropped to $3.3 trillion.

The orange coin is trading around $94,000 while Ethereum is hovering below $3,300 at the last data look. Trading volume declined amidst a bearish market position. Trading data showed that total crypto market volume over the last 24 hours printed at $72.43 billion, which makes a 55.14% decrease.

The total volume in DeFi settled at $5.78 billion, accounting for 7.98%…