Crypto market cap drops to $1.1 Trillion

The cryptocurrency fell to the 26 thousand band of Bitcoin (BTC). As the value of cryptocurrencies decreases, its market enters a bearish trend. Cryptocurrency exchanges were also affected by such a rapid decline. According to the information we learned, the total market value of cryptocurrencies decreased to 1.1 trillion dollars.

Cryptocurrency market continues to decline and how much more will it fall. In August 2021, the cryptocurrency market reached a value of $ 2 trillion. But later on, the value also declined with decreases. There has been a massive decline in the overall value of the cryptocurrency market, driven by the recent slump.

In addition, USDT fell to the level of $ 0.95 on all cryptocurrency exchanges.