Bitcoin Loses $27K, Ethereum Slips Below $1600
By Kapil Rajyaguru
After several days of trading above $27,000, bitcoin’s price took a turn for the worse and dropped below that level to a multi-day low.
Most alternative coins are also in the red, with ETH leading the pack as the second-largest crypto has slipped below $1,600.
Most alternative coins have followed BTC on its way south with minor daily declines.
Dogecoin, Cardano, Toncoin, Polkadot, Polygon, Bitcoin Cash, and Chainlink have all seen similar drops. Binance Coin and Solana are also in the red, albeit in a more modest fashion.
Ripple, Tron, and Litecoin are with insignificant gains, but XRP has managed to defend the $0.5 level, and LTC is still at $65.
The total crypto market cap, though, has seen about $10 billion gone in a day and the global crypto market cap is $1.05T, a 0.69% increase over the last day. The total crypto market volume over the last 24 hours is $22.93B, which makes a 26.51% decrease. The total volume in DeFi is currently $1.81B, 7.91% of the total crypto market 24-hour volume. The volume of all stable coins is now $21.39B, which is 93.28% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 49.15%, a decrease of 0.02% over the day.
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