Crypto Bloodbath Passes $350 Billion Market Cap in 48 Hours

Both Bitcoin and altcoins are refreshing the entire crypto space, losing $350 billion in market cap in just 48 hours. As a result, its market cap today is around 1.2 trillion, the lowest level since the beginning of the year. Bitcoin's price has slumped below $30,000 due to the sedition caused by China's recent crackdown on cryptography. As is usually the case, other coins fell in response. Altcoins Suffer Double Digit Losses, as all major currencies appear in double-digit red, the crash hit alternative currencies pretty hard. Here is a chart on Quantify Crypto showing all major cryptocurrencies with daily value changes as of Tuesday: Entire crypto market in shock | Source: Cryptocurrency Price Heatmap on Qunatify Crypto Ethereum (ETH) is down about 12% to $1,753. Just a week ago, ETH was above $2600. The third largest cryptocurrency by market cap is Binance Coin (BNB) and currently hovers around $237. So it's down 23%. Dogecoin (DOGE) has lost 25%, one of the biggest drops on the chart. It dropped to about $0.17. Here is a brief overview of other major altcoins: Cardano (-21%), XRP (-23%), Polkadot (-22%), Uniswap (-18%), Bitcoin Cash (-18%), Litecoin (- Recently During the $350B market cap plunge, Bitcoin gained even more dominance, with an increase of around 1.28% in the last 24 hours. Shiba Inu reported the "Dogecoin Killer" price increase However, in the past 7 days, the market cap of BTC fell nearly 18%.Bitcoin priceBitcoin price dropped below $30k for the first time since January.It has lost more than 9% in the last 24 hours and is still trading more than 10% from yesterday to today, while the year-to-date return is only 3% Here's how the market cap has changed in a few months: BTC's market cap is fluctuating

Join the Discussion

  • BrokerEUR/USD
    SpreadEX 0.6pips (variable) margin: 3.33%
  • Back to top