Bitcoin (BTC), the leading cryptocurrency, which has lost over 1% of its value in the last 24 hours, fell below $27,000 and started trading at $26,800. The cryptocurrency market has again caught a strong downward momentum. While most cryptocurrencies lost value at various rates during the day, XRP and Litecoin (LTC) were positively differentiated from the market with the rises they recorded.
What’s the Latest on the Cryptocurrency Market?
Bitcoin (BTC) lost more than 1% in the last 24 hours, falling below the $ 27,000 level and started trading at $ 26,800 price levels. The cryptocurrency market started to decline again in the morning hours and most altcoins in the cryptocurrency market lost value at various rates during the day.
Ethereum (ETH) started trading at $1800 following its recent losses, while the total market capitalization of the cryptocurrency ecosystem fell to $1.12 trillion according to CoinMarketCap (CMC) data. The cryptocurrency market started the day with relatively low volatility. According to data shared by Coinglass, nearly $50 million worth of short and long positions were liquidated in the last 24 hours.
Featured Cryptocurrencies of the Day
With the depreciation of the leading cryptocurrency Bitcoin and the bearish trend in the cryptocurrency market, most of the cryptocurrencies in the market declined during the day. Pepe (PEPE), Kava (KAVA), Conflux (CFX), dYdX (DYDX) and Sui (SUI) were among the top 100 cryptocurrencies with the highest market capitalization according to CMC data after the declines they recorded during the day.
On the other hand, Decentraland (MANA), XRP, Render Token (RNDR), Huobi Token (HT), The Sandbox (SAND) and Litecoin (LTC), which decoupled positively in the market during the day despite the downward trend in Bitcoin, were the cryptocurrencies that recorded the highest rate of value increase in the last 24 hours among the 100 cryptocurrencies with the highest market capitalization according to CMC data after their recent increases.
