Over the past 24 hours, the largest digital currencies Bitcoin (BTC) and Ethereum (ETH) lost more than 8% in value and fell to $20,296 and $1,433.
Cardano (ADA), Polygon (MATIC), and Dogecoin (DOGE) fell about 7% to $0.304, $0.996, and $0.065, respectively. The value of all digital currencies on the night of Friday, March 10, collapsed to $945.969 billion.
BTC and altcoins bear big losses under the pressure of the negative in the stock market. The American session ended with a big drop in the Nasdaq and S&P 500 indices.
The March fall is reminiscent of Black Thursday 2020. Then, in just one day, Bitcoin collapsed to its lowest level since the spring of 2019 amid the flight of capital from the technology sector during the COVID-19 pandemic.
Liquidation of positions in the futures market exceeded $310 million per day, according to CoinGlass.
The exchanges canceled positions in bitcoin and ether for $114.2 million and $72.88 million, respectively.
As a result of the March collapse of the crypto market, the share of unprofitable BTC and ETH addresses jumped to 39% and 44%.
49% and 50% of bitcoin and ether holders are still profitable, according to IntoTheBlock data. However, this number may drop significantly today if the leading digital currencies do not hold positions at $20,000 and $1,400, analysts say.
