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The cryptocurrency market is experiencing a significant correction. According to analytical platforms CoinGecko and PANews, the total market capitalization of digital assets over the past day broke the psychological mark of $2.3 trillion, demonstrating a decline of 4.7%.
This movement reflects the current volatility in the crypto market. Such fluctuations in market capitalization are quite typical during sharp changes in market sentiment. The decrease in overall capitalization may be related to the correction of large positions or shifts in the investment strategies of market participants.
Observers note that the capitalization level of $2.3 trillion remains a significant indicator despite the recent decline. These short-term corrections often precede new phases of development in the cryptocurrency market.