Markets
Bitcoin Falls to $68,000, ETH Drops to $3,600, XRP and Dogecoin Crash
Why has the crypto market crashed today? The global crypto market saw a very sharp drop in an hour as more than 300 million dollars are liquidated within this time frame. At the time of writing, the total crypto market cap fell 3.9% to $2.53 trillion.
Trading volume, however, jumped 43% to $103 billion, according to CoinMarketCap data. Stablecoin trading volume accounts for over 94% of total trading volume. In this article, we will focus on the prices of major coins like Bitcoin (BTC), Ethereum (ETH), XRP and Dogecoin. Let’s take a look.
Best cryptocurrency price update
THE Bitcoin price (BTC), the flagship cryptocurrency, fell 2.75% in the last 24 hours to trade at $68,154. Additionally, its trading volume during the recorded period jumped 48% to $36.6 billion. Bitcoin traded between $68,856.25 and $71,931.28 over the past 24 hours, with a real market cap of $1.36 trillion.
On the altcoin front, the Ethereum price (ETH) fell 3.87% over the past 24 hours, changing hands at $3,692. Just like BTC, ETH’s 24-hour trading volume jumped 39.95% to $18.3 billion with a real market cap of $443.5 billion. Notably, ETH traded in a range between $3,642.09 and $3,844.40.
The trending coin XRP has joined the free fall according to the latest data. THE XRP price at the time of writing it is $0.49, representing a 5.87% drop from the last day. XRP trading volume soared 100% during this period to $2.3 billion. Additionally, XRP changed hands between $0.4762 and $0.5281 over the past 24 hours.
Leader of the memecoin market, the Dogecoin price (DOGE) crashed 9.11% to trade at $0.14. Interestingly, trading activity around DOGE decreased by 78% to $1.5 billion after increased whale activity during the last day. DOGE sold between $0.146 and $0.1621 in the last 24 hours, representing a 79.7% decline from its all-time high of $0.73 reached in May 2021. Dogecoin recorded the most losses among the top 10 cryptocurrencies by market capitalization.
Other coins like Shiba Inu (SHIB) and Binance Coin (BNB) fell 5.95% and 3.09% to trade at $0.00002366 and $677, respectively. This recent bloodbath in the crypto market has raised concerns about the possible reason for the crash.
The most trendy winners
Meanwhile, while the majority of coins on the market are trading in the red zone, some tokens are seeing impressive gains. Some of these tokens are:
Ponke (PONKE), a new digital gaming asset created on the Solana network, skyrocketed 18% to trade at $0.43.
Ultimate (ULTI)an AI-based gaming token rose 7.6% and changed hands at $0.06.
Main street (TOP)the native token of a decentralized, commerce-centric play-to-earn metaverse, jumped 18.12% to $8.48.