The crypto market’s decline this time did not occur in isolation, but rather followed the weakness in global financial markets. The Nasdaq index recorded a drop of about 1.5% while the S&P 500 lost about 1% in the last 24 hours. This reflects investors’ increasing caution towards risky assets, including cryptocurrencies.

total market cap

In terms of value, the crypto market capitalization lost around USD 96 billion or equivalent to IDR 1,596 trillion from the previous daily peak. Currently, the area of USD 3.01 trillion or around IDR 50,080 trillion is a crucial short-term support level. As long as this level can be maintained, the opportunity for a technical rebound is still open although market sentiment remains fragile.$BTC

BTC

89,986.67

-0.14%

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