Initiating the week with an uptick, the leading cryptocurrency Bitcoin (BTC) reversed its course to a dip, marking a 2.4% value loss within the last 24 hours and started trading from the price levels of 27,150 dollars. The crypto market started to slump in the early hours, and according to CoinMarketCap (CMC) data, the total market value of the crypto ecosystem receded to 1.13 trillion dollars.
What’s the Current Status of the Crypto Market?
Bitcoin (BTC), the leading cryptocurrency, started to fall again in the early hours and recorded a 1.4% value loss within the last 24 hours, initiating trading from the price levels of 27,150 dollars. The crypto market started the day with a dip, and most altcoins in the market recorded various rates of value losses throughout the day. Ethereum (ETH), marking a loss close to 2% in the past 24 hours, started trading from the price levels of 1870 dollars. The total market value of the crypto ecosystem, according to CMC data, regressed to 1.13 trillion dollars.
Moreover, with the impact of volatility in the crypto market, approximately 90 million dollars worth of short and long positions were liquidated in the last 24 hours, according to Coinglass data.
Highlight Cryptocurrencies of the Day
With the influence of Bitcoin’s losses, the crypto market has once again started to fall, and there were cryptocurrencies that recorded double-digit losses within the day. IOTA (MIOTA), Pepe (PEPE), Kava (KAVA), Conflux (CFX), and Sui (SUI) were among the top 100 cryptocurrencies by market value according to CMC data, recording the highest value losses within the past 24 hours.
On the other hand, despite the downward trend in the crypto market, there were also cryptocurrencies that recorded low rates of value increases during the day. Quant (QNT), The Graph (GRT), Render Token (RNDR), Maker (MKR), and XRP were among the top 100 cryptocurrencies by market value according to CMC data, recording the highest value increases within the last 24 hours.
