Bitcoin (BTC), the leading cryptocurrency, which fell in the first hours of the day, lost more than 3% in the last 24 hours and fell below the $28,000 level. The cryptocurrency market started the new week with a decline due to the depreciation in Bitcoin. The total market capitalization of the cryptocurrency ecosystem fell to $1.15 trillion according to CoinMarketCap (CMC) data, while Ethereum (ETH) started trading at $1860 with the latest losses.
What’s the Latest on the Cryptocurrency Market?
Bitcoin (BTC), the leading cryptocurrency, has fallen below $ 28,000 with the depreciation it has recorded since the first hours of the day and started trading at $ 27,955 as of the time of writing. The cryptocurrency market started the new week with a decline after Bitcoin fell below $28,000. Most altcoins in the cryptocurrency market accelerated their losses in the morning hours.
The total market capitalization of the cryptocurrency ecosystem fell to $1.15 trillion, according to CMC data. In addition, volatility in the cryptocurrency market has also increased significantly. According to the data shared by Coinglass, an average of 150 million dollars worth of short and long positions were liquidated in the last 24 hours.
Ethereum Declines to Critical Price Levels Again
With the leading cryptocurrency Bitcoin falling below $28,000, the cryptocurrency market started the new week with a decline. Ethereum (ETH), which tested $2,000 last week, has caught a downward momentum in recent days with the effect of this downward trend in the market.
Ethereum (ETH) lost nearly 3% of its value in the last 24 hours, falling below the $ 1900 level and started trading at $ 1860. With the effect of these losses, according to Coinglass data, approximately $30 million worth of ETH positions were liquidated in the last 24 hours.
