Crypto Market Value Plummets to $2.96 Trillion Amid Asset Price Drops
The total crypto market value fell by 2.27% to $2.96 trillion, according to recent data.
Several major assets experienced significant price drops: XRP plummeted 5.8%, Dogecoin dropped 8.3%, and Hedera sank 9.9%. Uniswap also gave back the entire spike it took on Tuesday's CME listing.
The perpetual funding at OKX turned negative for both Bitcoin and Ether swaps, indicating a shift in market sentiment.