Avalanche Loses 3% Amid Broader Crypto Risk-Off Move

Avalanche (AVAX) has dropped approximately 3% in the last day as part of a broader risk-off move across the crypto market.

This decline sits within a general pullback across both major and altcoins, rather than being an idiosyncratic crash specific to AVAX.

Over the past 24 hours, the total cryptocurrency market capitalization has fallen by about 2%, from $2.26 trillion to $2.21 trillion, while the altcoin market capitalization has dropped by around 1.2%.

Avalanche is behaving like a medium beta altcoin during this modest market downturn, with its move being larger than the average for altcoins but not out of character.