The market cap of the cryptocurrency market has dropped below $900 billion

The market cap of the cryptocurrency market has dropped below $900 billion

The market value of the crypto money market, which entered a downward trend after the ongoing crypto winter, fell below $ 1 trillion, and recently fell below $ 900 billion. CoinMarketCap data pointed out that the total value of digital assets currently in circulation in the crypto money market is at the level of 899 billion dollars. The value of the crypto market was last at these levels in February of 2021.

According to the transferred details; Bitcoin experienced a 20 percent increase in value on Monday, September 12, trading at $ 21,800. But the popular cryptocurrency fell by 16.9 percent in 1 week to $ 18 thousand 445. It was noted that the depreciation of Bitcoin in the last 24 hours was at the level of 8 percent.

Ethereum suffered a 26 percent drop during the week

Similarly, Ethereum, which became one of the most talked-about cryptocurrencies of the week after the Merge upgrade, which is seen as the most important technological update in crypto history, experienced a decrease of 26 percent in 7 days and 11 percent in the last 24 hours. It is stated that the second most popular cryptocurrency in the world is currently trading at $ 1,294. Analysts were expecting Ethereum to experience a movement in the opposite direction after Merge.

On the other hand; Tether, USD Coin and Binance coin followed Ethereum in market share in the cryptocurrency market, respectively. Binance coin; It started to be traded at $ 258.5 with a decrease of 12.8% in the week and 6.8 percent in the last 24 hours. In the continuation of the list; followed by Binance USD, XRP, Cardano, Solana and DogeCoin, respectively.

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