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Home News The Crypto Market Pauses Rebound and Turns Bearish, Total Market Cap Drops to $3.93 Trillion

The Crypto Market Pauses Rebound and Turns Bearish, Total Market Cap Drops to $3.93 Trillion

The Crypto Market Pauses Rebound and Turns Bearish, Total Market Cap Drops to $3.93 Trillion

BlockBeats News, October 14th. According to HTX market data, the cryptocurrency market has turned bearish, with Bitcoin falling below $113,000, Ethereum dropping below $4,100, SOL below $200, and BNB’s 24-hour decline expanding to 8.4%, nearing $1,200. The decline in U.S. stock index futures has widened, with S&P 500 futures down 0.75% and Nasdaq 100 index futures falling by 1%. According to Coingecko data, the total cryptocurrency market capitalization has dropped to $3.93 trillion, with a 24-hour decline expanding to 2.2%. Some altcoins leading the market decline include:

ZEN with a 24-hour decline of 20.2%, currently trading at $11.7;

DASH with a 24-hour decline of 18.69%, currently trading at $44.9;

BANANAS31 with a 24-hour decline of 16.7%, currently trading at $0.0035.

Of note, Powell will deliver a speech tonight at 00:20, which may influence interest rate and monetary policy expectations.

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