The cryptocurrency market has shed almost 6% of its value today, with its total market cap dropping below $1 trillion.
Ethereum is down nearly 10% today after a week of strong gains, with Solana and Polygon among other notable coins in the red.
Following a week of gains across much of the cryptocurrency market, prices are sinking again—and the overall market cap has slipped below $1 trillion for the first time in several days as Ethereum, Bitcoin, and other top coins lose some of their recent gains.
As of this writing, the overall cryptocurrency market is worth $994 billion based on the combined value of all coins tracked by CoinGecko, a popular crypto price tracker. It’s down nearly 6% on the day, marking the first drop below the $1 trillion mark since July 17.
Ethereum (ETH) is the biggest loser in the top 10 coins by market cap, per the site, dropping 10% over the past 24 hours to a current price of $1,366.
It’s a stark reversal from last week, when Ethereum was the largest...
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