Crypto market cap falls over 8% to $2.7t after recent crypto crash

The overall market capitalization of cryptography has dropped by more than 8% as major tokens fall, not yet recovered from the recent market crash.

According to data From Crypto.News, the five largest tokens by market capitalization have failed to recover from the recent accident of the cryptography market which took place on February 24. Consequently, the overall market capitalization of cryptography fell by almost 8.8% in the last 24 hours, which increased the amount to $ 2.73 billion.

Data from Tradingview The shows in early February, the total market capitalization of cryptography was still 3.1 billions of dollars, but he dive on February 24 and fell at levels as low as 2.5 billions of dollars. Since then, the overall market capitalization of cryptography has not yet gone to the threshold of 3 billions of dollars, which indicates that the market has not recovered from the recent accident.

Apart from Bitcoin (BTC), who has fallen Below the $ 80,000 threshold, other major tokens such as Ethereum (Ethn), Ripple (Xrp), Binance Coin (Bnb) and Solana (GROUND) are always in shock from the effects of the market crash. The price reductions of the largest parts by market capitalization vary from more than 10% to approximately 7%, excluding the stablescoins USDT (USDT) and USDC (USDC).

In the past 24 hours, Ethereum has dropped almost 11%. At the time of the press, the second largest cryptocurrency by market capitalization is negotiated at $ 2,091. ETH’s market capitalization fell by 10.8% to 252 billions of dollars.

Solana suffered a worse drop because it decreased by more than 11% in the last day. Sol is currently negotiated at a price of $ 126.29, down more than 50% of its summit of 293.31 previous $. Solana’s market capitalization fell 11% to 62 dollars.

After the drop -down model of the cryptography market, XRP experienced a decrease of 10.5% in the last day and almost 25% in last week. The Ripple Labs token is currently negotiated at $ 1.99. Its market capitalization fell by 10.3% to 115 billions of dollars.

Binance Coin suffered the least compared to other major tokens, because BNB dropped from 7.4% to $ 570.20 in the last 24 hours. Last week, BNB decreased by 12.7%. BNB’s market capitalization currently amounts to 83 dollars, having dropped by 7.3%.