CoinGecko: The largest single-day drop in cryptocurrency market capitalization in 2024 is 8.4%

2024-08-11 16:55:41

Collection

ChainCatcher news, according to CoinGecko statistics, the largest single-day drop in cryptocurrency market capitalization in 2024 was 8.4%, occurring on March 20. Although there was a recent consecutive decline of 4 days, which caused the total cryptocurrency market capitalization to shrink from $2.44 trillion on August 2 to $1.99 trillion on August 6, these declines are not significant enough to be considered a market correction.

At the same time, the largest single-day pullback experienced by the global cryptocurrency market in the past decade occurred during the Covid-19 crash on March 13, 2020, with a drop of 39.6%, as massive sell-offs led to a plummet in total cryptocurrency market capitalization from $223.74 billion to $135.14 billion.

(Source Link)

Related tags

Cryptocurrency Market Cap CoinGecko

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.