Hundreds of billions of dollars have been wiped off the entire market capitalization of crypto asset markets throughout the morning of January 21.
The cryptocurrency markets are in the red this Friday morning, with total market capitalization down over 11% in the last 12 hours. Are you ready to drop your jaw? Okay, here you go, the big sell-off has resulted in a $233 Billion loss, bringing the overall market worth below $2 trillion for the first time since late September. YES! $233 Billion.
According to CoinGecko, the crypto market valuation has dropped from roughly $2.15 trillion to a four-month low of $1.92 trillion in the last 12 hours. As market sentiment becomes increasingly pessimistic, the crypto “fear and greed” index has plummeted to a “severe fear” level of 19.
The major Cryptocurrencies have plunged in the following manner:
- Bitcoin – 8 percent
- ETH – 9 percent
- Solana – 9 percent
- Shiba Inu – 9 percent
- Doge coin – 9 percent
(approximately)
Hmm, Is your mouth still open? Still flabbergasted with these figures? Close your mouth and hold your nerves to watch the upcoming action in the market. Wrap!
