In the past day, bears haven’t abated their rampage, continuing to incessantly place straws on the back of the crypto camel. Bitcoin (BTC), for instance, continued its tumult, stumbling under $3,500. Altcoins, as always, followed suit, sending the aggregate value of all cryptocurrencies below $120 billion. At the time of press, this market’s circulating capitalization has fallen to $113 billion to near, if not establish a new year-to-date low.
With cryptocurrencies falling lower, losing an average of 8% across the board, 24-hour volumes have also seen a slight resurgence, moving to $16.5 billion (~$8.3 billion adjusted), compared to the $14 billion seen in Ethereum World News’ previous market update.