I am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter @theroberthart or email me at [email protected]
Hundreds of billions has been wiped from the cryptocurrency market Tuesday amid a market-wide crash that has seen the prices of major cryptocurrencies—including bitcoin, ethereum, cardano and solana—plummet and fall sharply from near record highs this week.
Of the four most valuable cryptocurrencies by market capitalization—excluding the biggest, bitcoin, and tether, a stablecoin pegged to USD—ether fell 9.6% to around $4,300, Binance’s BNB 8.9% to $590, solana 7.5% to $225 and cardano 9% to $1.90. XRP, polkadot, dogecoin and shiba inu coin—the next largest cryptocurrencies by market cap, excluding another stablecoin, USD Coin—fell 9.3%, 12.4%, 8.8% and 6%, respectively.
The losses come as part of a wider rout in the cryptocurrency market, which is now worth some $2.76 trillion, according to CoinGecko, down 8.6% from the day before.
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.
Bitcoin drops nearly 7% toward $60,000 as major cryptocurrencies plungeBitcoin and other cryptocurrencies including ethereum fell sharply on Tuesday retreating from near-record highs.
Read more »
Bitcoin falls more than 4% to near $60,000Bitcoin, the world's biggest and best-known cryptocurrency, fell more than 4% on Tuesday as it extended a decline through a week that also included an upgrade to its blockchain.
Read more »
Charities see more crypto donations. Who is benefiting?Nonprofit charities have become more willing to accept cryptocurrency donations, says crypto donation facilitator The Giving Block.
Read more »
Twitter CFO Says Investing in Crypto ‘Doesn’t Make Sense Right Now’Investing some of Twitter’s corporate cash in crypto assets such as bitcoin “doesn’t make sense right now,” Chief Financial Officer Ned Segal said.
Read more »
These 14- and 9-year-old siblings earned $160,000 in 7 months mining cryptocurrencySince starting in April, Ishaan Thakur, 14, and his sister Aanya, 9, have made nearly $160,000 mining cryptocurrency like ether, bitcoin and ravencoin.
Read more »
Biden Signs $1.2 Trillion Infrastructure Bill—Here's Everything It Will Pay ForThe sweeping new bill includes $110 billion for roads and bridges, $65 billion to equip all Americans with broadband internet, $1 billion for the Great Lakes and much more.
Read more »