Cryptocurrency sell-offs continued through Tuesday morning, with drawdowns waning after the sector’s “Black Monday” saw over $1 billion in crypto derivatives liquidated over a 24 hour period according to data from Coinglass.
Overall, the total crypto market cap has lost more than two-thirds of its value since peaking in November, according to Coinmarketcap, falling from $3 trillion at its apex to $952 billion as of Tuesday 11 am New York time.
After briefly dipping to $20,950 per unit…
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