Market Cap Drops to Near $1.9 Trillion Amid Liquidity Concerns

Crypto's market capitalization has taken a significant hit, shedding roughly $2 trillion to stand near $1.91 trillion after excluding stablecoins.

The decline comes as liquidity continues to leave the market, with stablecoin liquidity thinning and market capitalization falling by around $16 billion over the past three months.

This decline suggests that investors are keeping less capital ready for risk assets, which could make a lasting recovery more difficult.