Daily crypto: Bloody massacre on the markets – bitcoin is traded below $5,000

Daily crypto: Bloody massacre on the markets – bitcoin is traded below $5,000.

Image source: Shutterstock / Trijo News

Tim Haldorsson

tim.haldorsson@trijo.co

The total market cap for all cryptocurrencies has lost $26 billion over the last 24 hours. Bitcoin is currently trading at around $4,661.

The crypto markets have lost in value and all of the big cryptocurrencies show red numbers. At present, about 97 of the 100 biggest cryptocurrencies are traded at lower prices than yesterday.

The market cap for all cryptocurrencies has dropped $26 billion in the last 24 hours – from $179 billion yesterday to $153 billion today.

Bitcoin is traded below $5,000

Looking at the biggest cryptocurrencies, all of them have lost in value over the last 24 hours. Bitcoin cash (-44,20%), ethereum (-15,49%), bitcoin (-14,90%) and stellar (-8,53%) have clearly lost in value, while xrp (-0,29%) have done better in the last 24 hours.

Bitcoin (-14,90%) is at the time of writing traded at around $4,651, a decline of about $800 from yesterday.

The fifth biggest cryptocurrecy bitcoin cash falls 44 percent on Coinmarketcap. A large part of the decline is due to the split between “bitcoin cash abc” and “bitcoin cash sv”. Now, Coinmarketcap has chosen to show only “bitcoin cash abc” as bitcoin cash (BCH). “Bitcoin cash sv” (-41,40%) is traded as its own cryptocurrency at around $57 on the crypto exchange Binance.

Chart for the price of bitcoin cash ("bitcoin cash abc") over the last 24 hours.

Chart for the price of bitcoin cash (“bitcoin cash abc”) over the last 24 hours. Image source: Coinmarketcap

The cryptocurrencies on top 100 that performed the best during the last 24 hours were dai (+0,57%) and usd coin (+0,21%), and those who performed the worst were metaverse etp (-46,25%) and bitcoin cash (-44,20%).

Asset: Price: % (24h)*
Bitcoin $4 651,72 -14,90%
Xrp $0,48207 -0,29%
Ethereum $138,98 -15,49%
Stellar $0,21621 -8,53%
Bitcoin cash $210,72 -44,20%

*All numbers in this article are from Coinmarketcap.com.

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