The cryptocurrency market continues to witness losses duets a spike in volatility, triggered by a sudden meltdown in global financial markets that led to a heavy sell-off overnight.<\/p>\n
Stock markets around the world weakened suddenly after concerns about a possible loan default by major Chinese property developer Evergrande. While the situation has eased slightly, investors continue to brace for more volatility as the situation remains uncertain.<\/p>\n
Bitcoin, the worlds largest cryptocurrency, was trading at $42,832.22 or 5.87 per cent at 12:50 pm.<\/p>\n
Cryptocurrency highlights | Check yesterday's prices<\/p>\n
The market capitalisation of Bitcoin fell sharply to $806.61 billion and the 24-hour trading volume fell to $2.44 billion as a result of higher selling activity.<\/p>\n
Ether, the cryptocurrency on blockchain platform Ethereum, barely clawed back above $3,000 after plunging sharply.<\/p>\n
The cryptocurrency was down over 4.25 per cent compared to its value 24 hours ago, while the market capitalisation fell to $356 billion.<\/p>\n
The 24-hour trading volume fell to $2.25 billion as a result of the heavy sell-off witnessed overnight.<\/p>\n
All other popular altcoins including XRP, Polkadot, Stellar, Dogecoin, Chainlink, Uniswap, Polygon and Litecoin fell sharply due to higher selling activity.<\/p>\n
Commenting on the weakness, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto investment platform, said, The cryptocurrency market remained under bearish dominance. With ETH dropping below the $3000 mark, investors started panicking.<\/p>\n
It led to an even bigger fall across the Altcoins. The largest crypto, Bitcoin, was able to hold on to the $42,000 mark. The next strong support for BTC is at $40,500, he added.<\/p>\n
The entire market would be closely tracking the price action in those two market influencers.<\/p>\n
Cryptocurrency<\/p>\n
Price (US Dollar)<\/p>\n
24-hour change<\/p>\n
Market cap (Billion)<\/p>\n
Volume (24 Hours)<\/p>\n
Bitcoin<\/p>\n
42,829.07<\/p>\n
-4.46%<\/p>\n
$806.11<\/p>\n
$2.44 billion<\/p>\n
Ether<\/p>\n
3,031.35<\/p>\n
-3.05%<\/p>\n
$355.50<\/p>\n
$2.25 billion<\/p>\n
Dogecoin<\/p>\n
0.208789<\/p>\n
-4.26%<\/p>\n
$27.40<\/p>\n
$2.00 billion<\/p>\n
Litecoin<\/p>\n
159.72<\/p>\n
-2.13%<\/p>\n
$10.95<\/p>\n
$136.03 million<\/p>\n
XRP<\/p>\n
0.945416<\/p>\n
-1.40%<\/p>\n
$94.58<\/p>\n
$5.92 billion<\/p>\n
Cardano<\/p>\n
2.12<\/p>\n
0.23%<\/p>\n
$68.76<\/p>\n
$728.74 million<\/p>\n
DISCLAIMER: The cryptocurrency prices have been updated as of 01:15 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and will be updated daily.<\/p>\n
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