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The cryptocurrency market is losing value: why the dollar is falling for altcoins
The global cryptocurrency market has experienced a significant decline, leading to a 4.7% drop in total market capitalization in recent hours. According to PANews, based on data from CoinGecko, the market value of virtual assets has fallen below the critical threshold of $2.3 trillion, signaling increasing volatility in the sector.
Serious 4.7% decline in cryptocurrency capitalization
The decline occurred amid global market fluctuations. This dynamic reflects not just a technical correction but deeper asset revaluation processes happening within the crypto sector. According to the latest data from analytical platforms, the decrease affected nearly all market segments, indicating a systemic nature of the situation.
Why the dollar is falling and how it affects cryptocurrencies
The strengthening of the US dollar on global markets has a significant impact on the behavior of crypto assets. When the dollar weakens or, conversely, strengthens, investors reorient their portfolios, choosing between traditional currencies and digital assets. This puts pressure on cryptocurrency capitalization, especially when macroeconomic factors suggest potential fluctuations in the dollar’s value.
The current decline below $2.3 trillion shows that the cryptocurrency market remains sensitive to macroeconomic signals and the dynamics of the global currency system. Market participants are closely monitoring how events unfold, preparing for possible new fluctuations in the future.