India, Feb. 3 -- Cryptocurrencies plunged close to 9 percent in the past 24 hours as world markets were rattled by the escalation in trade war between the U.S. and trading partners.
Overall cryptocurrency market capitalization is currently at $3.06 trillion, implying an overnight decline of 8.8 percent. The 24-hour trading volume has jumped 173 percent to $336 billion.
Among the top 100 cryptocurrencies, only 2 are trading with gains on an overnight basis. Likewise, only 7 are trading with gains on a weekly basis. Only close to 20 cryptocurrencies are trading with gains on a year-to-date basis.
Bearish sentiment reverberated across the crypto spectrum, with memes slipping 17 percent, AI & Big data losing 17.4 percent and DeFi declining 1...