Crypto Crash: The global crypto market cap fell $ 1.54 trillion, down 2.28% in the last 24 hours, according to CoinMarketCap data on Monday (11.26 pm). Almost every top 10 crypto price has dropped in the last 24 hours, with the global cryptocurrency market growing 3.18% to $ 96.96 billion in the last 24 hours. DeFi had a total volume of 11.39 billion, which is 11.39% of the total crypto market 24-hour volume. The amount of stable coins was $ 87.56 billion, which is 90.3% of the total crypto market 24-hour volume.
Bitcoin also fell to $33,628. The dominance of Bitcoin as the top crypto asset has remained unchanged at around 41.48% in the last day. The overall bitcoin price has dropped 13.64% in the last 7 days. In the last 24 hours, the price of Bitcoin has dropped by 2.25%.
Experts say panic over inflation and fears of a possible recession are the reasons for the ongoing crypto market crash.
Bitcoin’s registration level has dropped to around $ 34,000, with ETH falling to $ 2527 as a result of the sharp fall in market sentiment.
Investors are considering BTC as a risky asset. In light of rising inflation, most investors sell stocks and cryptocurrencies alike to reduce risk.
Top crypto prices Top crypto prices
The prices of other top 10 crypto assets have fallen sharply in the last few days. Take a look at how prices have moved in the last 24 hours.
Etherium (ETH): The price of Etherium has dropped 3.41% to $ 2450 in the last 24 hours. In the last 7 days, the ETH price has decreased by 14.15. It is currently the second-largest crypto asset in terms of market capitalization.
Binance (BNB): Binance Coin has fallen 3.13% to $ 347 in the last 24 hours. In the last 7 days, BNB’s price has shrunk by 11.05%. It is currently the fourth largest crypto asset in terms of market capitalization.
XRP: The XRP coin has lost 0.55% in the last 24 hours to $ 0.5656. In the last 7 days, XRP price has decreased by 9.40%. It is currently ranked as the 6th largest crypto asset in terms of market capitalization.
Solana (SOL): In the last 24 hours, the price of Solana has decreased by 13.41% to $ 74.91. In the last 7 days, SOL price has decreased by 16.73%. It is currently the 7th largest crypto asset in terms of market capitalization.
Cardano (ADA): In the last 24 hours, the price of Cardano token has decreased by 4.21% to 70 0.7069. In the last 7 days, ADA price has decreased by 10.53%. It is currently ranked as the 8th largest crypto asset in terms of market capitalization.
Terra (Luna): In the last 24 hours, the price of Terra Coin has decreased by 3.61% to $ 62.69. In the last 7 days, the price of LUNA has dropped by 24.59%. It is currently ranked as the 8th largest crypto asset in terms of market capitalization.
Dogecoin’s DOGE: Popular meme coin Dogecoin’s (DOGE) has lost 2.71% in the last 24 hours while Shiba Inu (SHIB) has lost 4.97% in the last day. DOGE is currently ranked 12th and SHIB 15th in terms of their respective market capitalization. At the time of this report DOGE was priced at $ 0.1221 while SHIB was priced at $ 0.00001771.
Cryptocurrency and other virtual digital assets are not regulated in India. Investing in these can lead to losses. Please consult with your financial advisor before making any investment decisions.
