Global Markets Have Shed $234 Million in the Past 24 Hours

• The global crypto market cap stands at $802.89 billion at press time.
• The top 10 cryptos by market cap have experienced significant losses over the last 24 hours.
• Binance-based altcoins plummeted as FUD surrounding the exchange continues.

In the past 24 hours, the global crypto market cap has dropped approximately 5.50% according to the crypto market tracking website, CoinMarketCap. At press time, the crypto market cap stands at $802.89 billion. This drop is in line with the Nasdaq drop over the same time period. The market liquidation is now approximately $234 million.

Looking at the top 10 cryptos by market cap, the crypto market leader, Bitcoin (BTC), has seen its price drop 4.02% over the last 24 hours. Ethereum (ETH) is down 7.34%, Binance Coin (BNB) is down 12.54%, and the price of Dogecoin (DOGE) dropped 10%. Cardano (ADA) and Polygon (MATIC) experienced 12.61% and 8.87% price drops respectively.

Filecoin (FIL) experienced the biggest price drop over the last 24 hours. At press time, the price of FIL stands at $3.02 after it plummeted 27.11% in just the last day. This has pushed its weekly performance to -31.39%.

The Binance FUD that remains in the market has dragged down the prices of Binance-based altcoins, Trust Wallet Token (TWT) and Chiliz (CHZ). 

At press time, TWT is down 24.28% – taking its price down to $1.58. The altcoin has also weakened against BTC and ETH by 21.12% and 18.35% respectively. Meanwhile, the price of CHZ has plummeted 17.10% over the last 24 hours. This has brought its price down to $0.1173. CHZ has also weakened against BTC by 13.68% as well as ETH by 10.69%. 

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