2 November 2024
Crypto Market Crash Continues And Market Cap Slides To $1.4T
The Crypto market continued to crash in the last 24 hours. According to CoinMarketCap, in the last 24 hours, the global market cap is down by 9.83% and is at $1.40 trillion.
The leading Cryptocurrency, Bitcoin, is down by 8.54% after breaking support levels and is trading at $31,008 which is, less than half from its all-time high of $69,000. During the early hours of Tuesday, BTC fell below $30,000.
The second leading Crypto, Ethereum, also witnessed a major downtrend and is at $ 2,317 after sliding down 7.06%.
The second leading Crypto, Ethereum, also witnessed a major downtrend and is at $ 2,317 after sliding down 7.06%.
Binance native token, BNB also experienced a huge downtrend and fell 12.78%.
Solana's price fell greatly and was down by 14.77%. The controversial coin XRP was also down by 11.88% in the last 24 hours.
The ADA token dropped by 14.17%.
Amid the crash, the Binance USD became the ninth most valuable token with 0.08% gains in the last 24 hours.
Additionally, the Terra USD witnessed a major drop after its depeg from the US Dollar.
Other tokens also slide down from their positions in the last 24 hours and crashed below support levels.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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