Crypto market capitalization fell by $200 billion

The crypto market collapsed sharply on Thursday evening, losing a total of more than $200 billion in capitalization.

Bitcoin fell below $38,000 this morning. Over the past 24 hours, more than $200 billion has evaporated from the cryptocurrency market - about 8% of capitalization.

Almost all cryptocurrencies from the top 20 are in the red.

According to experts, the fall of the crypto market followed immediately after the fall of the stock market on Thursday. The Nasdaq fell by almost 5% yesterday, and the S&P 500 has been in a gradual decline for almost a month.

In addition, against the backdrop of a sharp rise in US Treasury yields, investors began to wind down their positions in risky assets. The tightening of the Fed's monetary policy also forced investors to abandon the crypto market.

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