Bitcoin slides below the $46k price mark resulting in an almost 3% loss of crypto-economy on Monday. Statistics show that the top ten digital assets lost between 3% to 7% during the last 24 hours following the Bitcoin price drop.
Bitcoin slides below $46k:
The Crypto market is still consolidating with no clear direction. Flagship currency is showing high volatility. Yesterday, the price of BTC went below $46k to $45,738. Bitcoin slides below $46k but if we see data of this year then flagship currency is up more than 90%. The downfall of BTC started a month before and is down by 21.8%. In the $2.24 trillion crypto economy, bitcoin represents 38.6% with a market cap of $864 billion, accordingn to CoinMarkeCap.
The second-largest currency, Ethereum, was also affected by the fall of the primary currency. Ethereum lost 8.7% during the last day and it is down 4.4% during the last 24 hours. Ethereum is now trading at $3787 and has a market cap of $448.8 billion. Ethereum represents 20% of the total crypto economy. Despites bitcoin slides below $46k, four tokens managed to gain in the last 24 hours.
The biggest losers on Monday include curve dao token (CRV) down 10%, compound (COMP) down 10.5%, and waves (WAVES) down 10.2%. Out of the 11,836 crypto coins, today traded on 533 exchanges worldwide, there’s $102.8 billion in global trade volume. Huobi group executive has expressed that downward movement is still strong in the crypto market and investors need to pay attention to it.
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