Following BTC, leading altcoins like ETH, XRP and SOL have dropped over 13% today. While dropping below $90,000 and hitting November lows, Bitcoin is currently trading
Bitcoin price fell below $90,000 on Monday, and the broader crypto market witnessed a sell-off as the U.S. stock market closed with high volatility. Following BTC, leading altcoins like ETH, XRP and SOL dropped over 13% today.
Bitcoin price dropped to hit November lows and is currently trading at $89,500 – down 6.3% in the past 24 hours. The world’s largest cryptocurrency hit highs of nearly $92,000 over the weekend. However, it faced strong resistance and began to drop sharply.
Following Bitcoin price, major large-cap altcoins have also dumped over 10% today. Among them, Solana (SOL) price took the most loss of 14% in the past 24 hours. This sharp decline in SOL price is also fueled with the selling pressure of upcoming token unlocks.
Ethereum (ETH) and XRP price have also dropped nearly 12% today following the market turmoil. While ETH price fell to hit lows of $7,100, XRP dropped to hit lows of $0.7 today.
Other mid-cap and small-cap altcoins – including AAVE, SUI, S, LDO, PYTH, STC and others – have fallen over 16% today while WLD, ENS, NEAR, ONDO and RON have seen 13% price decline. The overall Coinmarketcap 100 Index – which includes top 100 cryptocurrency by market cap – has declined 7.95% to $178 today.
As per market data, the broader crypto market cap has dropped 7.29% to $2.9 trillion today with a 24 hour trading volume of $165.8 billion.
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