- The global crypto market cap stands at $1.02 trillion following a 4.02% drop.
- A selloff occurred yesterday after the SEC announced that it would be banning staking.
- Yesterday’s selloff has impacted the prices of GRT, CRV, MASK, and DOGE significantly.
The global crypto market cap dropped 4.02% over the last 24 hours according to CoinMarketCap. As a result, the global crypto market cap stands at $1.02 trillion.
Arguably one of the biggest instigators for yesterday’s selloff is the SEC announcing that it will ban staking in the United States. Four cryptos that experienced significant losses as a result of the market-wide selloff are Dogecoin (DOGE), Mask Network (MASK), Curve DAO (CRV), and The Graph (GRT).
At press time, the price of DOGE is down 6.93%. This 24-hour drop in DOGE’s price has added to its negative weekly performance – taking the total to 10.72%. As a result, DOGE is now changing hands at $0.08196. When looking at MASK, the price dropped by more than 12% according to CoinMarketCap. At press time, the price of MASK stands at $3.49.
CRV also experienced a 6+% drop in price over the last 24 hours. Currently, CRV’s price stands at $0.9901. The altcoin has also weakened against the crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 3.18% and 1.56% respectively.
GRT is another crypto that experienced a loss greater than 12% over the last 24 hours. At press time, the price of GRT is down 12.65% and is currently trading at $0.1549. The altcoin also weakened against the two crypto market leaders during this time. At press time, GRT has weakened against BTC by 9.61% over the last 24 hours. Moreover, the altcoin’s price is also down by 8.14% against ETH.
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