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Crypto Assets Slide To New 2024 Lows – The Defiant – DeFi News


Digital assets are tumbling, with the combined crypto cap losing 4.5% in the past 24 hours.

The combined crypto capitalization is down 16% from its local high of $1.81B on Jan. 12 — a milestone posted one day after the freshly launched spot Bitcoin ETFs began trading — to currently sit at $1.52B, according to CoinMarketCap.

the-defiant
Combined crypto capitalization over 12 months. Source: CoinMarketCap.

While Bitcoin (BTC) suffered outsized losses following the launch of the first spot Bitcoin ETFs two weeks ago — ranking 99th among the top 100 crypto assets by market cap according to price performance one week later — BTC is now the 77th best-performing top 100 cryptocurrency of the past 24 hours, including stablecoins.