The crypto market has recently lost about $1.2 trillion in value.
This happened because many traders are becoming more careful and are avoiding coins or tokens they feel are too risky. When people stop investing in these speculative assets, the market naturally starts to fall.
In easy words:
Investors are choosing safety over risk. Because of this, a huge amount of money has moved out of the crypto market, causing a major drop in its total value.
XRPUSDT
Perp
2.0114
-3.29%
BTCUSDT
Perp
90,165.4
-2.52%
ETHUSDT
Perp
3,197.63
-3.61%