Bitcoin, Ethereum, Solana in Red Again After Brief Rise


The cryptocurrency market over the past 24 hours has returned to its previous state where all major crypto tokens were in the red. After a brief surge, not only Bitcoin and Ethereum, but also Solana and Dogecoin crashed slightly, causing the market to remain stable. The global cryptocurrency market fell just over 2% in the past 24 hours to eventually hit a high of $933 billion, according to CoinGecko, at the time of writing. Also Read – Crypto Price Today: Bitcoin Slides Below $20,000 as Market Holds Steady

Bitcoin and Ethereum continued to dominate the cryptocurrency market. In the past 24 hours, Bitcoin remained strong with a dominance of 40.7%, while Ethereum’s dominance was 14.3%, CoinGecko revealed. The marginal decline in values ​​caused total cryptocurrency trading volume to drop to $86.1 billion in the past 24 hours. Also Read – Crypto Price Today: Bitcoin Shows Minor Jump But Market Remains Steady

bitcoin price today

Bitcoin plunged in the last 24 hours to reach a trading value of $19,873 in the last 24 hours. A day earlier, the world’s most popular crypto token was trading above the $20,000 mark after several days, but it is back in a rut. The token has seen a drop of more than one percent in the past 24 hours, while its market capitalization has slightly decreased to $379.4 billion. Also Read – Crypto Price Today: Bitcoin Holds Steady, Ethereum Plunges as Market Shows Mixed Clues

Ethereum price today

Just like Bitcoin, Ethereum has also fallen flat over the past 24 hours. After witnessing an increase of around nine percent a day earlier, the second most popular crypto token has slipped more than two percent in the past 24 hours. It was trading at $1,115 at the time of writing, while the market capitalization was around $133 billion.

Solana price today

Solana’s value also took a hit and it ended up trading at $34.90 in the last 24 hours. The crypto token’s value has fallen by 2%, while its market capitalization has dropped to around $12 billion in the past 24 hours, at the time of writing. Similarly, Dogecoin crashed around 3.8% in the past 24 hours, ending up at a value of $0.06, according to CoinGecko.

Crypto problem in India

The new 1% TDS levied by the government has compounded the decline in average daily transactions of crypto tokens, such as Bitcoin and Ethereum, on Indian exchanges. Major crypto exchanges, such as WazirX, CoinDCX, and Zebpay, have reported a dizzying drop in daily trading volume, dropping from around $10 million to $5.6 million in a matter of days since the new regime was implemented. tax. BitBNS and CoinDCX said the decline in transactions on their platforms was 37.4% and 90.9%, respectively. WazirX reported an 82% drop in average daily transactions, according to crypto research and advisory firm Crebaco.

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