The cryptocurrency market started the new week with a decline. The leading cryptocurrency, Bitcoin (BTC), according to CMC data, lost an average of 3.7% in the last 24 hours and dropped to the price levels of $29,000. Along with the market starting the week with a decline, Pepe coin (PEPE), which accelerated the losses, recorded double-digit losses within hours, experiencing a strong downward momentum.
Crypto Market Experiences a Decline
With the cryptocurrency market starting the new week with a decline, the leading cryptocurrency Bitcoin (BTC) lost 3.7% in the last 24 hours, dropping to the price levels of $29,000. Most cryptocurrencies with high market value have recorded losses at various rates since this morning.
Ethereum (ETH), on the other hand, started trading at around $1,850, recording a loss of nearly 3% in the last 24 hours, and the total market value of the cryptocurrency ecosystem according to CoinMarketCap (CMC) data dropped to $1.17 trillion. In addition, according to Coinglass data, approximately $155 million worth of short and long positions were liquidated in the last 24 hours.
Pepe coin (PEPE), which accelerated the losses with the market starting the week with a decline, experienced a strong downward momentum and recorded double-digit losses within hours.
Double-Digit Losses Within Hours
With the influence of the losses in the leading cryptocurrency Bitcoin, most altcoins in the cryptocurrency market have recorded losses at various rates since this morning. As a result of this downward trend in the market, some cryptocurrencies have experienced striking drops, recording double-digit losses within the day.
Pepe coin (PEPE), which experienced a strong downward momentum during the day, started trading at around $0.00000135, recording a loss of nearly 12% in the last 24 hours. After these losses, according to CoinMarketCap data, Pepe coin (PEPE) became the second cryptocurrency with the highest percentage of losses among the top 100 cryptocurrencies in terms of market value in the last 24 hours.
