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Digital currencies see $2.3T decline
The cryptocurrency market has fallen by more than half in eight months, with its market capitalization declining from $4.3 trillion to approximately $2 trillion, resulting in a loss of around $2.3 trillion. This decline has led to an average daily loss of $8.8 billion, driven by concerns over overinflated valuations and escalating geopolitical tensions. However, there are expectations that prices will return to normal levels as liquidity improves.
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