Global cryptocurrency market capitalization rebounded to $2.06T after dropping to $2.02T amid stock market volatility.
The cryptocurrency market briefly fell below the $2T mark, dropping from $2.12T to $2.02T before recovering to $2.06T. The rebound coincided with active trading in European markets, stabilizing the sector after a sharp decline.
Earlier, the market had peaked at $2.12T before selling pressure intensified, driven by a downturn in global equities. The $2T threshold has been a key psychological level for traders in recent weeks.
No immediate market reaction data was provided beyond the stabilization at $2.06T.