Crypto market sees $80 billion inflows in a day
The post Crypto market sees $80 billion inflows in a day appeared on BitcoinEthereumNews.com.
On March 27, the crypto market saw its total market capitalization fall by $100 billion in the span of just 24 hours. This was followed by further losses, as digital assets marked $100 billion in outflows over the course of the weekend. Around noon on Sunday, March 31, a local bottom was reached, with the total crypto market cap falling to levels as low as $2.63 trillion. However, on April 1, the wider market staged a comeback, and the total valuation soared by $80 billion to reach $2.71 trillion as of press time. Total cryptocurrency market cap 30-day chart. Source: CoinMarketCap What’s more, the market cap increase was not the result of a localized upswing, or, in other words, a surge in a large-cap asset’s price. On the contrary, the move to the upside has been pretty universal — at present, all of the top 10 cryptocurrencies by market cap are in the green on a 24-hour chart, with the exception of stablecoins like USD Coin (USDC) or Tether (USDT), which have seen negligible price moves. Top 10 cryptocurrencies by market cap with 1h, 24h, and 7d price movement. Source: CoinMarketCap The biggest gainer in the top 100 in the past 24-hours has been the Curve DAO Token (CRV), which has rallied by 11.94% over the past day. CRV 1-day price chart. Source: CoinMarketCap As bullish as this latest development appears to be, there’s still an open question as to whether or not the rally, or rather recovery, will continue. Let’s take a closer look at the most impactful macro factors currently at play — tariffs. Crypto market still at risk from looming trade war The Trump administration’s ‘trigger-friendly’ approach to imposing tariffs is the key driver behind recent market instability. While the imposition of tariffs and duties doesn’t directly…
Filed under: News - @ April 1, 2025 3:25 pm