The cryptocurrency market is on track to return to overall valuations since before the rally in the last quarter of the year. The overall market capitalization for all digital assets almost touched $3 trillion, reaching the valuation of Apple, Inc. But the rally was cut short after a series of liquidations in December. <\/p>\n\n\n\n
In the beginning of 2022, the cryptocurrency market is valued at about $1.98T, after another crash that erased up to 30% from the value of smaller assets. Bitcoin (BTC) slid to a low<\/a> near $42,700 but later recovered to $43,000 late on Thursday. Ethereum (ETH) crashe<\/a>d to the $3,200 range and saw its dominance decline to under 20% of the total crypto market capitalization. <\/p>\n\n\n\n Within a day, the Crypto Fear and Greed Index fell to 15 points, showing extreme fear and a level similar to bigger liquidations. For the last time, the index was in this range during the May-June crash in 2021, and before that, the March 2020 crash. <\/p>\n\n\n\n The market panic follows a period of doubts on whether crypto assets would go for a bear market after an immensely successful year. The latest market slide happened during a period of neutral funding rate and a score of liquidations quite far from previous records. <\/p>\n\n\n\n