Cryptocurrency Market Plunges: Bitcoin, Ethereum, and Top Altcoins Crash Today
The cryptocurrency market experienced a massive crash today as the top crypto prices plummeted across the board. The leading cryptocurrency, Bitcoin (BTC), saw its price slump to the $60,000 level despite the recent Hong Kong ETF launch. Ethereum (ETH) also dipped below the $3,000 mark, losing a crucial level of support. Other major altcoins, including Solana (SOL), XRP, and Cardano (ADA), also plunged notably, mirroring the downward trend.
Here is a breakdown of the major crypto prices today:
1. Bitcoin Price: The Bitcoin price crashed by 5.13% to $60,191.06, with a trading volume spike of 41.71% to $37.91 billion. The crypto’s market capitalization slipped to $1.18 trillion.
2. Ethereum Price: Ethereum tumbled 5.46% to $2,999.10, with a trading volume surge of 29.66% to $17.99 billion.
3. Solana Price: Solana extended below the $130 mark, losing 7.06% to settle at $126.06. The trade volume surged 42.20% to $3.48 billion.
4. XRP Price: XRP inched closer to dropping below $0.50, recording a slump of 2.66% to $0.5026. The trading volume soared 24.41% to $1.36 billion.
5. Cardano Price: Cardano slipped 2.96% to $0.442, with a 40.13% hike in trading volume to $416.32 million.
6. Dogecoin & Shiba Inu Price: Dogecoin crashed by 7.29% to $0.1324, while Shiba Inu tumbled 7.57% to $0.00002215.
In addition to the major cryptocurrencies, here are the top gainers and losers in the market today:
Top Crypto Gainers:
– Cosmos (ATM): Surged 5.43% to $8.56
– Optimism (OP): Rallied 2.52% to $2.58
– Starknet (STRK): Up 2.22% to $1.24
– Tron (TRX): Rose 0.45% to $0.1201
Top Crypto Losers:
– Arweave (AR): Plummeted 17.25% to $29.74
– Stacks (STX): Plunged 15.01% to $2.04
– Sei (SEI): Dipped 11.75% to $0.542
– Lido DAO (LDO): Slumped 11.43% to $1.90
The sudden bearish trend in the market led to millions worth of crypto liquidations in the past 24 hours, with Bitcoin alone witnessing $107.64 million in liquidations, $93.26 million of which were attributed to long positions. This latest crash has left investors and traders on edge as they navigate the volatile cryptocurrency market.
