The leading cryptocurrency Bitcoin (BTC) reached the levels of $26,400 yesterday evening, but it started to decline again in the morning and fell below the $26,000 level along with its recent losses. Most altcoins in the crypto market have recorded varying degrees of losses since the morning hours. Ethereum (ETH) $3,639 retreated to the $1585 level.
Bitcoin (BTC) Falls Below $26,000 Level
The leading cryptocurrency Bitcoin (BTC) $0.000112, after surpassing the $26,400 level with its value gains yesterday evening, started to decline in the morning and fell below the $26,000 level again. Following the decline in the morning hours and falling below the $26,000 level, BTC started trading at around $25,800 with its recent price movements.
Most altcoins in the crypto market have recorded various degrees of losses since the morning hours. Ethereum (ETH) fell below the $1600 level again and started trading at $1585. The total market value of the crypto ecosystem also fell back to the $1.03 trillion level according to CoinMarketCap (CMC) data.
There has been a decrease of nearly 15% in the total trading volume of the crypto market in the last 24 hours. In addition, due to the increased volatility, there has been an average of $85 million worth of short and long positions liquidated in the crypto market in the last 24 hours.
Highlighted Cryptocurrencies of the Day
With BTC falling below the $26,000 level again, there have been cryptocurrencies that have experienced high levels of losses during the day. Astar (ASTR), Stellar (XLM), and Trust Wallet Token (TWT) were among the cryptocurrencies that experienced the highest percentage of losses among the top 100 cryptocurrencies with the highest market capitalization according to CMC data in the last 24 hours, following their recent declines.
However, despite the downward trend in the crypto market, there have also been cryptocurrencies that have continued to rise and stand out positively during the day. Toncoin (TON), VeChain, and Bitcoin Cash (BCH) were among the cryptocurrencies that experienced the highest percentage of gains among the top 100 cryptocurrencies with the highest market capitalization according to CMC data in the last 24 hours. Toncoin, ranking first among the cryptocurrencies with the highest percentage increase in the last 24 hours, recorded an increase of nearly 10%.