Crypto Market Cap Falls By $80 Billion In A Day As Bitcoin Dumps Below $40K
2022年4月19日 - 6:00PM
NEWSBTC
The crypto market cap declined by about $80 billion today as
Bitcoin dropped to a monthly low beneath $39,000. The crypto
markets are on another roller coaster ride today, with bitcoin
slipping below $40,000 and many altcoins dumpings as well. Ethereum
has taken it on the chin losing over 5% of its value to sit at just
under $3,000 per coin. Other altcoins like Terra, Ripple, Solana,
Cardano and Polkadot also had substantial price losses.
Related Reading | TA: Ethereum Slides Below 3K, Why Bears Could Aim
$2.5K Altcoins Enter The Red Sea As Bitcoin Drops With little-to-no
substantial price movements for most of this week, today is a
different day for altcoins. The market has been tumultuous, and
prices are swinging back and forth throughout the day. As a result,
most altcoins are recorded in red with the day started. The
price of Ethereum has continued to drop, now below $3k for the
third time this month. The cryptocurrency is leading an adverse
trend, with other coins following suit and falling by almost 5%.
The Binance coin struggled to maintain its position at around $400
after a 3.5% decrease in the last 24 hours. However, things are
starting to look up for this cryptocurrency as of late Sunday
evening, when prices were close to $420 per coin. Today, the big
movers are Cardano with a 7% decrease and Ripple 6% decrease. Some
other notable tokens are Shiba Inu, whose value dropped 6%,
Polkadot, with a 7% decline over the last 24 hours, and Dogecoin
declined 6%. The cryptocurrency market has been rough today, with
many coins losing 10% or more. The biggest losers include KNC
(-11%), Filecoin (-11%), ZILIQA (-10%). Others, including EOS and
STEPN, both lost 10% of their value today. Eventually, The
crypto market cap is down $80 billion and now sits at $1.8
trillion. Bitcoin Falls To Monthly Low Bitcoin found itself in the
headlines this past week, as it fell from $45,000 to around
$40,000. The cryptocurrency had relaxed for much of last night
above $40,000 and even took a swing at $41,000. Although
bitcoin held onto its value above $40,000 over the weekend, the
bears came out in force and pushed prices below $40,000 for the
second time in ten days. Related Reading | Bitcoin Traders Long The
$39K Dip, Will BTC Head In Expected Direction? In today’s dump,
Bitcoin fell by $38,600, the lowest price mark since March 16.
Bitcoin has risen a few hundred dollars after falling to its month
low, but its market capitalization is still below $750
billion. The price of bitcoin has been tightening in recent
months. However, a capitulation event, where traders are predicting
a downward trajectory for the cryptocurrency’s value, could be
brewing at any time. Featured image from Pixabay.com and
chart from Tradingview.com
Binance Coin (COIN:BNBUSD)
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