Cryptocurrency Market Tumbles Amid Decreased Risk Appetite

Cryptocurrencies such as Bitcoin and Ethereum fell on Thursday alongside stocks due to decreased risk appetite.

The global market capitalization of cryptocurrencies stood at $2.22 trillion, a slight increase of 0.14% over the last 24 hours.

Bitcoin retreated to the $63,000 zone after consolidation while Ethereum tumbled to an intraday low of $1,848.

More than $320 million in cryptocurrency positions were liquidated over the past 24 hours, including $276 million in bullish long positions.