Cryptocurrency sales continue as market capitalization drops by 10%
The cryptocurrency sector has been generally bearish since Bitcoin hit its all-time high of $126,199 on October 6, when the total market value reached $4.38 trillion.
The collapse on October 10 significantly dampened sentiment, making it difficult to sustain a recovery, while the Federal Reserve's decision to pause the monetary easing cycle in late January accelerated the sell-off.
In February alone, the market capitalization of cryptocurrencies decreased by about 10% to $2.4 trillion from $2.74 trillion, negatively impacting
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