Crypto Market Cap Slumped by $300 Billion Amid BTC, Altcoin Massacre: Market Watch
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 10 2024Bitcoin Price Volatility: Bitcoin experienced a significant drop, falling to around $94,000 after briefly surpassing $101,000, leading to over $1.6 billion in liquidated positions among over-leveraged traders.
Altcoin Market Decline: Many altcoins faced even steeper losses, with the total cryptocurrency market cap decreasing by $300 billion, while Bitcoin's dominance increased to 53% amidst the turmoil.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
