Bitcoin, BNB, Terra, Ether among top 5 trending cryptos worst-hit with weekly drop 25-75%
The global crypto market is at $959.73 billion down by 13.115 over the last day, as per CoinMarketCap. The top 5 trending cryptocurrencies are - Green Satoshi Token (SOL), Bitcoin, BNB, Terra Classic (LUNC), and Ethereum.
The cryptocurrency market is restless and bleeding on Monday as investors carry a panic selloff after US inflation data hits a fresh 40-year high. Also, weak global markets further added to the vulnerability in cryptocurrencies. The downside has been so steep that the crypto market even erased its valuation of $1 trillion. Bitcoin and Ethereum dragged the broader market as they correct by huge margins. With the latest selling pressure, the top five trending cryptocurrencies have extended their weekly losses.
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