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The leading cryptocurrency Bitcoin (BTC), which has experienced a strong downward momentum since last Friday, started the day with small increases and once again rose above $26,000 levels. However, despite the small value gains in BTC, most high market cap cryptocurrencies continued to lose value throughout the day.
Bitcoin (BTC) Surpasses $26,000 Levels
The leading cryptocurrency Bitcoin (BTC) witnessed one of the most striking declines in recent times last Friday and has experienced a strong downward momentum since then. BTC, which has lost more than 10% in the last week, started the day with small value gains after a brief decline to $25,400 levels and rose above $26,000 levels.
Despite the small value gains in BTC in the morning, the crypto market started the day with a decline. Ethereum (ETH) fell to $1,660 levels, recording a loss of nearly 1% in the last 24 hours. The total market value of the crypto market also retreated to $1.05 trillion according to CoinMarketCap (CMC) data.
On the other hand, after weeks of low volatility, the crypto market has become active again since last Friday. According to the latest data from Coinglass, the crypto market saw the liquidation of approximately $50 million worth of short and long positions in the last 24 hours.
What is the Current Situation in the Crypto Market?
Following their recent value losses, BNB started trading at $209, XRP at $0.51, Cardano (ADA) at $0.25, and Solana (SOL) at $20.9. Curve DAO Token (CRV), MATIC, Filecoin (FIL), Avalanche (AVAX), and Cardano (ADA) were among the high market cap cryptocurrencies that experienced the highest percentage of value losses during the day.
However, despite the initial decline in the crypto market, there were also cryptocurrencies that continued to rise during the day and stood out from the market in a positive way. Compound (COMP), Sui (SUI), Optimism (OP), and THORChain (RUNE) were among the top-performing cryptocurrencies in terms of value gains, according to CMC data.
