Crypto Markets See $300B Wipeout as Bitcoin, Altcoins Face Sharp Decline
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 10 2024Bitcoin's Price Volatility: Bitcoin experienced a significant drop to $94,000 after briefly surpassing $101,000, leading to over $1.6 billion in liquidations for over-leveraged traders, while its market cap decreased to $1.930 trillion.
Altcoin Market Decline: The altcoin market faced sharper declines with many assets suffering double-digit losses, although some managed slight recoveries; the total cryptocurrency market cap fell from $3.9 trillion to just above $3.6 trillion amidst ongoing uncertainty.
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.
