Analysts believe that the increased volatility in the crypto market with a general tendency to decrease quotations is caused by macroeconomic uncertainty and geopolitical risks.
It is noteworthy that anonymous cryptocurrencies fell in price the most, their decline exceeded 20%. About 40 assets recorded a drop in quotations of more than 10%.
The most famous cryptocurrencies bitcoin and Ethereum collapsed during this period not so seriously – by 6% and 12%, respectively, to $89.5 thousand and $2.93 thousand, respectively. But investors in the crypto market are also quite nervous.
The total capitalization of the crypto market fell from January 19 to 23 by almost 7% to $3.02 trillion, falling back to the levels of the beginning of the year. Coins from the confidential sector showed the biggest decline.
At the same time, DUSK (+137%) and SCRT (+33%) stood out among the assets that showed growth, contrary to the general trend at the beginning of the week.
At the same time, amid the fall of the crypto market and stocks, interest in tokenized gold (PAXG, XAUT) grew, as the price of physical gold was tending towards the $4,700 mark.
