Crypto Market Capitalization Drops Amid Bitcoin Selling Frenzy

Crypto market capitalization saw a decline of 1.11% to $2.22 trillion, driven by Bitcoin's selling momentum, according to Anndy Lian.

The total value of digital assets is now showing a significant correlation with traditional financial benchmarks, including a 63% correlation with the S&P 500 and a 68% correlation with gold.

Lian noted that this reflects crypto's evolving role as a mature macroeconomic asset class.