enhanced volatility as concerns emerged that Chinese firms could face scrutiny if the country helped Russia in its war against Ukraine.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:The Hong Kong Hang Seng was the most substantial loser as it dropped by more than 6% to a six-year low. Its tech subsidiary – Hang Seng Tech Index – nosedived by double-digits in its worst trading day since its inception in 2020.
Ripple, Solana, Cardano, Polkadot, Dogecoin, Shiba Inu, and MATIC have produced similar daily price drops. Avalanche has lost the most as a 5% decrease has pushed AVAX to $66. EGLD is among the few coins in the green today as the asset is up by 6.5%. As a result, it trades close to $150. The cumulative market capitalization of all cryptocurrency assets has declined by approximately $50 billion since its peak hours ago and sits at $1.7 trillion.