Crypto Market Daily Highlights Investors Hit with US Stats

The crypto market had a dismal Wednesday session, with the top 10 coins beginning June with significant losses.

The sell-off has persisted since May, when the fall of TerraUSD (UST) and Terra LUNA sparked a negative month.

A four-day gain run for a number of crypto heavyweights, including bitcoin, came to an end during the gloomy session (BTC).

The harm was done by market response to US economic data, with bitcoin and the wider market following the NASDAQ 100 into the red.

In the Bearish Session, the Crypto Market Cap Drops by $100 Billion.

The whole crypto market value fell by $100 billion to a day low of $1,196 billion on Wednesday before finding support.

The market jitters were mirrored in the 24-hour crypto liquidation data on Wednesday.

According to Coinglass, total liquidations over the last 24 hours were $593.19 million this morning, up from $229.73 million the day before. Liquidations, on the other hand, were $5.91 million during the hour, showing better market conditions at the start of the day.

SOL led the way down from the crypto top 10, down 12.39 percent, followed by ADA, which fell 11.98 percent.

BNB (-6.33%), BTC (-6.27%), ETH (-6.42%), DOGE (-5.68%), and XRP (-5.60%) all battled.

Waves (WAVES) outperformed the market with a small 2.61 percent increase among the top 100 stocks.

The NASDAQ 100's reaction to US economic data was followed by Bitcoin.

Following a range-bound morning session, the US equities and crypto markets were hammered by economic data from the US.

In May, the chosen ISM Manufacturing PMI in the United States jumped from 55.4 to 56.1. In terms of Fed monetary policy, the statistics reinforced a more hawkish assessment on the central bank's ability to control inflation.

Following a decoupling from the NASDAQ last week, there was a recoupling at the turn of the month.

The NASDAQ 100 mini was up 6.25 points at the time of writing, while bitcoin was down 0.19 percent at $29,734.