Crypto Market Cap Lost $250 Billion in 3 Days as BTC Slid to $46K

The cryptocurrency market cap drop by $250 billion in three days as BTC dumped to a ten-day low of $46,000.

Crypto Market Cap Lost $250 Billion in 3 Days as BTC Slid to $46K

The cryptocurrency market cap drop by $250 billion in three days as BTC dumped to a ten-day low of $46,000.

Bitcoin continues with its adverse value movements with a drop to a ten-day low of $46,000 hours ago. Most altcoins have a similar direction as the cryptocurrency market capitalization has declined by $250 billion in three days.

Bitcoin fell to $ 46,000

It was only three days prior - on December 27th - when the primary cryptocurrency was riding high and tapped a close to one month high at $52,000. However, a ton can change in the digital resource space in 72 hours

After this local peak, Bitcoin started to lose value fairly quickly. it at first tumbled to $49,000 in hours, as indicated on Tuesday, before it dropped to $48,000 yesterday

The situation just deteriorated beyond 24 hours as BTC nosedived to $46,000, which became the lowest price point in ten days, bitcoin exchanges were around $1,000 higher, but it's still almost 2% down on the day. and its market capitalization is well below $900 billion.

Altcoins in Red: NEAR Surges

Altcoins have seen better days as well. Ethereum, For Ex, exchange above $4,100 earlier this week now, though, the second-largest cryptocurrency is under $3,700 after losing the desired $4,000 mark on Tuesday.

Binance Coin (- 3.5%), Solana (- 2.2%), Cardano (- 6%), Ripple (- 3%), Terra (- 1.5%), Polkadot (- 3.5%), Avalanche (- 5%), Dogecoin (- 3%), and Shiba Inu (- 4.5%) are likewise well in the red from the bigger cap alts.A couple of exceptions here come from Algorand and NEAR Protocol ALGO is up by 9.3% and exchange above $1.6, while NEAR flooded by almost 12% in the past 24 hours and right now sits at $15

Despite those exceptions, however, the cryptocurrency market capitalization is now down to $2.2 trillion only three days prior, the measurement was at $2.450 trillion, meaning that it has declined by $250 billion in this time period 

Read: Bitcoin rallies following Fed FOMC announcement of rate hikes next year

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