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Bitcoin (BTC), the leading cryptocurrency, which started to decline in the morning hours, started trading at $ 28,150 levels, losing close to 3% in the last 24 hours. Most cryptocurrencies in the market accelerated their losses in the morning hours. The total market capitalization of the crypto industry fell to $1.15 trillion, according to CoinMarketCap (CMC) data.
Bitcoin Started the Day with a Decline
Bitcoin (BTC), the leading cryptocurrency, started trading at $ 28,150 with the depreciation it has recorded since the first hours of the day. The cryptocurrency market started to decline again with the effect of the depreciation in Bitcoin, and most altcoins in the cryptocurrency market also accelerated their depreciation in the morning hours.
Ethereum (ETH), which has lost an average of 2.5% in the last 24 hours with the effect of this downward trend in the market, started trading at $ 1860. The total market capitalization of the cryptocurrency ecosystem fell to $1.15 trillion, according to CMC data.
In addition, volatility in the cryptocurrency market has also increased significantly. According to the data shared by Coinglass, an average of 135 million dollars worth of short and long positions were liquidated in the last 24 hours.
Latest Situation in the Cryptocurrency Market
With the latest price movements they recorded, BNB started trading at $ 317, XRP at $ 0.43, Cardano (ADA) at $ 0.36, Dogecoin (DOGE) at $ 0.074, Polygon (MATIC) at $ 0.93 and Solana (SOL) at $ 21.2.
With the effect of the decline in the leading cryptocurrency Bitcoin, most cryptocurrencies in the market also accelerated their depreciation. Sui (SUI), PancakeSwap (CAKE), Immutable (IMX), Optimism (OP) and Lido DAO (LDO), which gained bearish momentum in the morning hours, ranked among the top five cryptocurrencies among the 100 cryptocurrencies with the highest market capitalization according to CMC data after the recent declines they recorded.
