Cryptocurrency Market Update: Bitcoin and Ethereum Prices Crash, Top Altcoins Witness Significant Losses
The cryptocurrency market experienced a major crash today as the top crypto prices plummeted once again. Bitcoin (BTC) fell to the $67,000 level, while Ethereum (ETH) dropped below $3,200. Other popular altcoins such as XRP, Solana (SOL), and Cardano (ADA) also witnessed significant losses.
Here is a breakdown of the major crypto prices today:
1. Bitcoin Price:
The price of Bitcoin was down by 3.98%, reaching $64,319.59. The trading volume jumped 28.57% to $31.10 billion, with a market capitalization of $1.26 trillion.
2. Ethereum Price:
Ethereum tumbled 3.68% to $3,152.65, with a market valuation of $384.77 billion. The trading volume saw a 27.08% increase, reaching $14.40 billion.
3. Solana Price:
Solana dipped below $150, crashing 7.52% to $147.19. The trade volume surged 32.65% to $3.92 billion.
4. XRP Price:
XRP extended lower than $0.53, recording a drop of 4.32% to $0.527. The trading volume increased by 12.57% to $1.54 billion.
5. Cardano Price:
Cardano plummeted 6.84% to $0.4746, with a 23.06% increase in trading volume to $501.01 million.
6. Dogecoin & Shiba Inu Price:
Dogecoin crashed 7.54% to $0.1508, while Shiba Inu plunged by 8.44% to $0.00002502.
In addition to the top crypto prices, some cryptocurrencies managed to gain despite the bearish trend. EOS (EOS) surged 5.76%, Tron (TRX) gained 0.40%, UNUS SED LEO (LEO) was up 0.24%, and Binance Coin (BNB) rose 0.06%.
On the other hand, some cryptocurrencies experienced significant losses today. Hedera (HBAR) plummeted 34.18%, Starknet (STRK) plunged 14.97%, Dogwifhat (WIF) witnessed a dip of 14.00%, and BONK (Bonk) slumped 13.40%.
Overall, the cryptocurrency market faced a bearish trend today, with no other cryptocurrencies making it to the top gainers list. Investors are closely monitoring the market for any potential recovery or further decline.
