Again, cryptocurrency has crashed, and most crypto assets have ended in the red. The market cap of crypto assets has shrunk below 1.25 trillion from 1.28 trillion, which it touched 24 hours ago. As per data released by CoinMarketCap cryptocurrency market cap hovered around 1.24 trillion. At the time of writing, Bitcoin (BTC) values fell below the psychological level of $30,000, and when the last results came, BTC was touching $29,195.
The market volume of the global cryptocurrency market shrank by 10.35% and stood at $73.76 billion. DeFi volume was pegged at $7.03 billion, 9.54% of the total crypto market 24-hour volume. Stable coins volume was $65.08 billion, 88.22% of the entire crypto market’s 24-hour volume.
Cryptocurrency Leader BTC Values Sink Below $30 K
It is bad news for Bitcoin (BTC), whose value has decreased by 3.26% in the last 24 hours. The dominance of BTC also sank by 0.18% to 44.64% over the day. Overall, the Bitcoin price has decreased by 1.09% in the last seven days.
Major Cryptocurrency Values Also Sink
The situation is no different for the other crypto assets, which also saw a fall in their values. For example, Ethereum (ETH) values tanked by 2.85% as it once again fell below the $2000 mark to $1963 on the last day. In the past one week, ETH prices have shrunk by 4.07%, and as per the market cap, it is ranked in the second position in the cryptocurrency market.
On the other hand, Binance coin values sank by 1.69% to $302 in the last 24 hours. However, in the previous week, the price of BNB increased by 3%. As a result, it is currently ranked as the fifth biggest crypto asset in market capitalization.
XRP values have also tanked by 4.41% to $0.4113 in the last 24 hours. In the past week, the XRP price has decreased by 5.32%. It is currently ranked as the 6th biggest crypto asset in market capitalization.
Solana (SOL) values have tanked by 3.41% to $49.84 in the last 24 hours. In the past week, SOL values have sunk by 3.6%. Nevertheless, it occupies the 9th biggest crypto asset position in terms of market capitalization.
Cardano (ADA): Cardano token’s price decreased by 1.95% to $0.5197 In the last 24 hours. In the previous seven days, ADA prices fell by 4.41%. It is currently ranked as the 8th biggest crypto asset in market capitalization.
Dogecoin’s (DOGE) price dropped by 2.75% in the last 24 hours, and till the previous reports, the meme coin was changing hands at $0.08419 and is ranked 10th in the market cap. Polkadot (DOT) and Avalanche (AVAX) values also tanked by 2.3 and 1.92 percent in the last 24 hours. It is currently ranked 17th on CoinMarketCap.