The cryptocurrency market continued its downward trend for a fourth consecutive day, influenced by regulatory challenges, investor apprehension, and macroeconomic concerns triggered by this morning's non-farm payroll (NFP) data release. At the time of writing, Bitcoin (BTC) is down another 1% in the past 24 hours, trading at $93,400. Ethereum (ETH) followed a similar trend, dropping 2.6% to $3,236. XRP declined by 1.7% to $2.28, while Solana (SOL) fell 3.2% to $186. The overall cryptocurrency market capitalization decreased by 2.6%, now standing at $3.4 trillion, according to CoinGecko . In the past 24 hours, 115,321 traders were liquidated, with total liquidations reaching $375 million, according to CoinGlass . BTC accounted for $98 million in liquidations, while ETH followed with $92 million. Altcoins recorded around $49 million in liquidations. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
