NEWSLETTER
In the last 24 hours, the cryptocurrency market endured another period of greater volatility and instability. bitcoin (btc)For one, Signulated a minimum of four months of less than $ 77,000.
Altcoins have suffered even more substantial losses. ethereum (eth) temporarily fell below $ 1,800 for the first time since October 2023, while its market capitalization fell to $ 221 billion.
btc exceeds the last sauce
Primary cryptocurrency recorded a brief price increase at almost $ 84,000 on March 10, but the bears quickly resumed control again. In the following hours, They suppressed as low as $ 76,700. It is worth mentioning that This level was last witnessed in November 2024.
As Cryptopotate reportedThe decline of the market negatively affected merchants who have opened long positions with high influence. Liquidations on a 24 -hour scale reached almost $ 1 billion, with btc operations that represent more than 30% of the total figure.
In the last hours, however, the bulls He intervened to stop The free fall. The price of the asset rose to $ 81,500 where he stands At the time of this writing.
The btc market capitalization is around $ 1.6 billion, while its domain against alternative currencies has increased to 58.9%.
eth leads the altcoin clash
The situation with some of btc's rivals is even worse. The second largest cryptocurrency, ethereum (eth), collapsed to a minimum of 17 months of $ 1,790 before recovering slightly to the current $ 1,900. Even so, this represents a price decrease of 10% daily.
Ripple (XRP), Solana (Sol), Cardano (ADA), Dogecoin (Doge), Pi Network (PI) and many more alternatives have also entered red Territory, although seeing less substantial losses than eth.
The very few main cryptocurrencies that have been directed north in the last 24 hours include Story (IP), Movement (Movement), Mantra (OM) and Mantle (MNT).
The total capitalization of the cryptocurrency market is currently approximately $ 2.75 billion, which represents a 2.5% drop for the day.
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