The leading cryptocurrency Bitcoin (BTC) started the new week with a decrease, recording a low rate of 0.3% and falling to $30,200 price levels in the last 24 hours. The crypto market started to decline again due to the losses in BTC. The total market value of the crypto ecosystem also dropped to $1.21 trillion according to CoinMarketCap (CMC) data.
Bitcoin (BTC) Starts the Week with a Decline
The leading cryptocurrency Bitcoin (BTC) started trading at $30,200 price levels, recording a low rate of 0.3% in the last 24 hours. Most cryptocurrencies in the market started to decline again due to the losses in BTC. Ethereum (ETH) started trading at $1,920 with its recent losses. The total market value of the crypto ecosystem also dropped to $1.21 trillion.
Meanwhile, the crypto market started the new week with relatively low volatility. According to Coinglass data, the crypto market saw the liquidation of approximately $50 million worth of short and long positions in the last 24 hours.
Highlighted Cryptocurrencies of the Day
As the crypto market showed a downward trend on the first day of the week, some cryptocurrencies experienced significant losses during the day. Compound (COMP), Lido DAO (LDO), Pepe coin (PEPE), Chainlink (LINK), and Bitcoin Cash (BCH) were among the cryptocurrencies with the highest market value among the top 100 cryptocurrencies, and they experienced the highest percentage of losses in the last 24 hours according to CMC data.
However, despite the downward trend in the crypto market, there were also cryptocurrencies that continued to rise and stand out positively from the market. XRP, especially among high market value cryptocurrencies, started trading at $0.73 with a 1.7% increase in the last 24 hours.
