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June 22, 2024
Market Analysis

Bitcoin Drops to $68k, ETH Dips to $3,600, XRP and Dogecoin Crash

Why did the crypto market crash as we speak? The worldwide crypto market has skilled a really sharp decline in a single hour as over $300 million will get liquidated inside this time. On the time of writing, the entire crypto market cap has dropped by 3.9% to $2.53 trillion.

The buying and selling quantity nevertheless has surged by 43% to $103 billion based on knowledge from CoinMarketCap. Stablecoin buying and selling quantity makes up greater than 94% of the entire buying and selling quantity. On this submit, we are going to give attention to the costs of high cash like Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin. Allow us to have a look.

Prime Crypto Value Replace

The value of Bitcoin (BTC), the flagship cryptocurrency, has dropped by 2.75% during the last 24 hours to commerce at $68,154. Moreover, its buying and selling quantity throughout the recorded time has surged by 48% to $36.6 billion. Bitcoin has traded between the lows and highs of $68,856.25 and $71,931.28 within the final 24 hours with a stay market cap of $1.36 trillion.

On the altcoin entrance, the value of Ethereum (ETH) has plummeted by 3.87% within the final 24 hours, altering arms at $3,692. Identical to BTC, the 24-hour buying and selling quantity of ETH has jumped by 39.95% to $18.3 billion with a stay market cap of $443.5 billion. Notably, ETH has traded throughout the vary of $3,642.09 – $3,844.40.

Trending coin XRP has joined the nosedive based on the newest knowledge. The value of XRP on the time of writing is $0.49, representing a 5.87% drop during the last day. XRP’s buying and selling quantity has skyrocketed by 100% inside this time to $2.3 billion. Additionally, XRP has modified arms between $0.4762 and $0.5281 within the final 24 hours.

Main the memecoin market, the value of Dogecoin (DOGE) has crashed by 9.11% to commerce at $0.14. Apparently, the buying and selling exercise surrounding DOGE has frown by 78% to $1.5 billion following heightened whale actions during the last day. DOGE has bought between $0.146 and $0.1621 within the final 24 hours representing a 79.7% decline from its all-time excessive of $0.73 reached in Might 2021. Dogecoin has recorded essentially the most losses among the many high 10 cryptocurrencies by market cap.

Different cash like Shiba Inu (SHIB) and Binance Coin (BNB) have plummeted by 5.95% and three.09% to commerce at $0.00002366 and $677 respectively. This current sharp massacre within the crypto market has raised considerations concerning the doable cause behind the crash.

In the meantime, whereas the vast majority of the cash available in the market are buying and selling within the purple zone, some tokens are recording spectacular positive factors. A few of these tokens are;

Ponke (PONKE), a novel digital gaming asset created on the Solana community, has skyrocketed by 18% to commerce at $0.43.

Ultiverse (ULTI), an AI-based gaming token has grown by 7.6%, altering arms at $0.06.

Highstreet (HIGH), the native token of a decentralized commerce-centric play-to-earn metaverse, has jumped by 18.12% to $8.48.

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