Why is the cryptocurrency market in freefall? How are the top 10 cryptos performing today?
According to CoinMarketCap statistics on Monday, the worldwide crypto market worth has decreased to $1.54 trillion, down 2.28 percent in the past 24 hours (11.26 pm).
Almost all of the top ten cryptocurrency values have dropped in the previous 24 hours, while the global cryptocurrency market volume has climbed by 3.18 percent to $96.96 billion.
The overall volume in DeFi was $11.39 billion, or 11.39 percent of the entire 24-hour volume in the crypto market. The 24-hour volume of stable currencies was $87.56 billion, accounting for 90.3 percent of the overall crypto market volume.
The price of Bitcoin has also dropped to $33,628. Bitcoin’s position as the most valuable crypto asset has remained stable over the previous day, at roughly 41.48 percent. In the previous seven days, the price of Bitcoin has dropped 13.64 percent. Bitcoin’s price has dropped 2.25 percent in the previous 24 hours.
Bitcoin fell to roughly $34000 due to a severe dip in market mood, while Ethereum fell to $2527.
The crypto fear and greed index, which measures market mood, is currently at “severe dread.”
Top Cryptocurrency Prices
In the previous few days, the prices of numerous other top 10 crypto assets have plummeted. Consider how prices have changed in the previous 24 hours:
Ethereum (ETH): In the last 24 hours, the price of Ethereum has dropped 3.41 percent to $2450. The price of ETH has dropped 14.15 percent in the previous seven days. It is presently the second most valuable crypto asset by market capitalization.
Binance (BNB): In the last 24 hours, the price of Binance currency has dropped 3.13 percent to $347. The price of BNB has dropped 11.05 percent in the previous seven days. In terms of market capitalization, it is now the fourth largest crypto asset.
XRP: In the previous 24 hours, the price of the XRP currency has dropped by 0.55 percent to $0.5656. The price of XRP has dropped 9.40 percent in the previous seven days. It is presently the 6th most valuable crypto asset by market capitalization.
In the last 24 hours, the price of Solana (SOL) has dropped 13.41 percent to $74.91. The price of SOL has dropped 16.73 percent in the last week. In terms of market capitalization, it is now the seventh-largest cryptocurrency.
Cardano (ADA): In the last 24 hours, the price of the Cardano cryptocurrency has dropped by 4.21 percent to $0.7069. The price of ADA has dropped 10.53 percent in the previous week. In terms of market capitalization, it is now the eighth-largest cryptocurrency.
Terra (LUNA): In the last 24 hours, the price of Terra currency has dropped 3.61 percent to $62.69. The price of LUNA has dropped by 24.59 percent in the previous week. In terms of market capitalization, it is now the eighth-largest cryptocurrency.
The price of the popular meme coin Dogecoin (DOGE) has dropped 2.71 percent in the previous 24 hours, while the price of Shiba Inu (SHIB) has dropped 4.97 percent in the last day.
DOGE is now ranked 12th in terms of market capitalization, while SHIB is placed 15th. DOGE was trading at $0.1221 at the time of this report, while SHIB was trading at $0.00001771.
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