The leading cryptocurrency Bitcoin (BTC) rapidly rose to levels above $26,350 in the early hours of the day, but quickly dropped back to $25,800. Ethereum (ETH) started trading at $1,625 after its recent value losses. The total market value of the crypto industry also fell to $1.04 trillion, according to CoinMarketCap (CMC) data.
Latest Situation with Bitcoin (BTC)
Although the cryptocurrency market experienced a rapid rise in the early hours of the day, it fell again in the morning. The leading cryptocurrency Bitcoin (BTC) fell to $25,800 after surpassing the $25,350 level and experiencing its latest value losses.
Ethereum (ETH) started trading at $1,625 after its recent value losses. The total market value of the crypto industry fell to $1.04 trillion, according to CMC data. Many cryptocurrencies with high market value experienced various degrees of value losses since the morning hours.
The volatility in the cryptocurrency market has increased again. According to Coinglass data, approximately $90 million worth of short and long positions were liquidated in the cryptocurrency market in the past 24 hours.
Cryptocurrency Market in Decline Again
With their recent price movements, BNB started trading at $214, XRP at $0.49, Cardano (ADA) at $0.25, Dogecoin at $0.062, Solana (SOL) at $19.6, and TRON (TRX) at $0.078. Due to the downward trend in the market, Synthetix (SNX), dYdX (DYDX), Polygon (MATIC), ApeCoin, and Uniswap (UNI) recorded significant value losses during the day.
On the other hand, despite the downward trend in the market and the value losses in BTC, there were also cryptocurrencies that continued to rise during the day and differentiated positively from the market. Cronos (CRO), Render (RNDR), and Aave (AAVE) were among the cryptocurrencies with the highest market value among the top 100 cryptocurrencies, with the highest percentage increase.
