In the past 24 hours, the cryptocurrency market has endured another period of improved volatility and instability. Bitcoin (BTC)For one, sang at a four -month less than $ 77,000.
Altcoins have suffered even more substantial losses. Ethereum (ETH) has temporarily slipped below $ 1,800 for the first time since October 2023, while its market capitalization fell to $ 221 billion.
BTC overcomes the last decrease
The main cryptocurrency recorded a brief price increase at almost $ 84,000 on March 10, but the Bears quickly regained control Again. In the following hours, They deleted the evaluation at $ 76,700 so low. It should be mentioned that This level was witness for the last time in November 2024.
As Cryptopote reportedThe decline in the market has negatively affected traders who have opened long positions with a high lever effect. Liquidations on a 24 -hour scale reached nearly a billion dollars, BTC exchanges representing more than 30% of the total figure.
In recent hours, however, the Bulls intervened to stop free fall. The price of the assets increased to $ 81,500 Or he stands When writing this value.
BTC’s market capitalization is around 1.6 billion of dollars, while its domination against alternative parts increased to 58.9%.
ETH leads the Altcoin crash
The situation with some of the rivals of the BTC is even worse. The second largest cryptocurrency – Ethereum (ETH) – fell to a low $ 1,790 low before going back to the current $ 1,900. However, this represents a drop in price of 10% daily.
Ripple (XRP), Solana (Sol), Cardano (ADA), Dogecoin (Doge), Pi Network (PI) and many more Altcoins have also entered red Territory, although losses less substantial than ETH.
The very some best cryptocurrencies that have headed north in the past 24 hours include history (IP), movement (movement), mantra (OM) and coat (MNT).
The total market capitalization of the cryptocurrency currently amounts to around 2.75 billions of dollars, which represents a drop of 2.5% for the day.
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Graphic cryptocurrencies by tradingView.
