The Red Sea today is ahead of Bitcoin (BTC) with a decline of nearly $ 11,000 in 24 hours. As always, another row of altcoins also follows the trend making the market capitalization of crypto fall by more than $ 260 billion!
In the blink of an eye the highest value of Bitcoin last night, $ 58,400 disappeared and at the time of writing, the king of cryptocurrencies traded at $ 48,202, down more than 14%. The market value of BTC also destroyed more than $ 100 billion, bringing the latest record below the $ 1 trillion level.
At the same time Ethereum (ETH) has declined over 20% in 24 hours to over $ 1,509. The second largest currency after Bitcoin also recorded a new all-time high (ATH) record this week with a value of $ 2,036. This means, ETH has fallen by $ 527 in just 3 days.
Binance Coin (BNB) also recorded its latest ATH record four days ago at $ 342 before declining to the current $ 212. Other Altcoins such as Polkadot (DOT) recorded $ 32 (-15%), Cardano (ADA) declined 9% to $ 0.9 and Ripple traded at $ 0.46 after declining over 22%.
Not to forget Litecoin and Chainlink with 18% ($ 179) and 21% ($ 25) declines respectively.
DODO declined over 31% in 24 hours, Elrond (-28%), 1inch (-31%), Aave (-27%) and BitTorrent (-29%).
The current total market value has declined by more than $ 260 billion to $ 1.4 trillion.
