Total market value of cryptocurrencies falls by $253 billion in a day

12.05.2022,16:15


May 12, Fineko/abc.az. When inflation expectations in the U.S. are exceeded, the cryptocurrency market is heading for collapse.

ABC.AZ reports that Bitcoin has fallen below $28,000 in 1.5 years.

Bitcoin lost 12% during the day and Ethereum – 20%. Finance Coin lost 22%, Ripple - 29%, Solana - 31%, Cardano - 28%, and Dogecoin - 29%.

The total market value of cryptocurrencies melted by $253 bn in 1 day and was withdrawn from $1.433 trillion to $1.18 trillion.