Market overview

The crypto market capitalisation has lost a further 3.5% over the past 24 hours in a sharp sell-off that began this month. During this period, the capitalisation has fallen to $2.22T, and at its lowest point early in the day, it dropped to $2.17T, compared to $2.50T on Sunday. In this environment, market movements are characterised solely by varying degrees of decline: from -0.6% (TRON) and -3% (Hedera) to -15% (NEAR, Toncoin).

Bitcoin briefly fell to $61.3K early on Thursday, returning to the region of its February lows. In this region, the leading cryptocurrency found buyers during dips in February and March. A break below the lows from the start of the year would make the $53–55K range the next potential downside…