CoinMarketCap says that the total value of the crypto market has dropped by 1.85% in the last 24 hours. At press time, this has caused the total value of the global cryptocurrency market to drop to $797.69 billion.
The total value of all cryptocurrencies on the market has dropped below $800 billion. This is the worst bear market cycle in the history of cryptocurrencies. During this bear cycle, the total value locked (TVL) for several smart contract-based projects has also dropped by a lot.
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