Dogecoin and ICP are among the poorest performers on a daily scale, with losses exceeding 8%.
Bitcoin’s price drops continued in the past 24 hours, with the asset falling below $28,000 for the first time since April 9.
The altcoins are also deep in the red. The total market cap has lost almost $90 billion in the past two days.during the weekend, and it wasn’t until Tuesday that it finally made a move, dropping by a grand to $29,100. However, the bulls quickly intercepted the move and pushed the asset north, which helped it reclaim the coveted $30,000 line.by a grand in minutes. That was just the start, though, as the bears pushed it further south in the past 24 hours.
Despite recovering a few hundred dollars since then, BTC still struggles to maintain $28,000. It’s roughly 3% down on the day and over 8% on a weekly scale.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Its market capitalization, which tapped $600 billion just days ago, now struggles at way beneath $550 billion. Its dominance over the altcoins, though, has recovered some ground, but it’s still under 46%.
Ripple, Cardano, Polygon, Solana, Polkadot, Litecoin, Shiba Inu, and Avalanche are also deep in the red, with losses of up to 5% in a day. Dogecoin has dumped the most , perhaps due to the asset’s relationship with Elon Musk. As it became known yesterday, Starship’s latest rocket exploded shortly after its launch.
With ICP, NEAR, GRT, and many other mid- and lower-cap alts charting substantial losses, the total crypto market cap has dumped beneath $1.2 trillion. This means that the metric has lost roughly $90 billion in the past two days.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Americas: Bitcoin Slides Toward $29K$BTC falls to below $30,000 on liquidations and after a report of over 10% inflation in the U.K. LedesmaLyllah reports.
Read more »
Bitcoin plunges toward $29,000, Coinbase leads drop in crypto stocks alongside traditional marketsCrypto prices fell across the board on Wednesday in tandem with stocks like Coinbase and MicroStrategy. Bitcoin declined below $30,000.
Read more »
Crypto Markets Brace for Bitcoin (BTC) and Ethereum (ETH) Options ExpiryWith substantial options expiries on the horizon for both Bitcoin and Ethereum, market participants will likely be watching these events closely
Read more »
Crypto exchange BitGet seals Lithuanian crypto registrationCryptocurrency derivatives exchange BitGet secures license to operate in Lithuania.
Read more »
Coinbase secures Bermuda license, and EU approves framework for crypto regulation: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Circle's Chief Strategy Officer Dante Disparte explains how stablecoins could replace collapsed banks like Silvergate and Signature.
Read more »
Ripple Executive Praises EU's Forward-Thinking Approach to CryptoThe European Union has taken a significant step toward creating a crypto-friendly environment, and Ripple executive Susan Friedman has praised the recent passage of the Markets in Crypto-Assets (MiCA) legislation
Read more »