Global risk aversion drives a 2% decline in cryptocurrency market capitalization, mirroring losses in equities.
Cryptocurrency market capitalization fell 2% to $2.62 trillion over the past 24 hours, reflecting broader risk-off sentiment in global markets. The decline follows losses in equities as investors seek safer assets amid uncertainty.
Internet Computer led gains with a 9% rise, while Dogecoin dropped 4.7%, highlighting divergent performance among major tokens. The retreat contrasts with recent volatility but aligns with traditional market trends.
No immediate market reaction data was provided, though the shift underscores crypto’s correlation with macroeconomic factors.