September 27, 2022

Cryptocurrency market crashed again

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The total supply of digital coins and tokens fell by 7%, reaching $1.76 trillion. Experts attributed this to the decline in the values ​​of key global indices in the traditional stock market.

For example, over the past day, the Dow Jones lost 3.12%, the S&P 500 lost 3.56%, and the Nasdaq fell by 5%. Shares of companies such as MicroStrategy and Coinbase have fallen more than 10%. The cryptocurrency market has again demonstrated a high level of correlation with the traditional one.

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