Bitcoin (BTC) dropped below the $60,000 price level, crashing 6% in 24 hours.
Ether (ETH) also crashed 8% and is trading at $2,478.
Meme coins including DOGE and SHIB crashed 6.58% and 6.76%, respectively.
The cryptocurrency market is experiencing a significant downturn, with the total market value falling below $2.2 trillion, now at $2.179 trillion, a 24-hour drop of 6.5%, according to CoinGecko data.
Bitcoin, the world’s largest digital asset, led the decline, slipping below the $60,000 mark in the past 24 hours. Bitcoin’s price currently sits at $59,355.84, having dropped from a high of $63,207.60 to a low of $58,116.75. This represents a 19.59% decrease from its all-time high of $73,750 reached in March of this year. Despite the price drop, Bitcoin still holds a dominant market share of 53.9%, with a valuation of $1.17 trillion.
On the other hand, Ether (ETH), the second-largest cryptocurrency by market cap, dropped 8.04% in the past 24 hours and is currently trading $2,478.8 with a market cap of $298 billion, and the digital asset is trading 49.26% lower from its all-time high (ATH) of $4,891.7, witnessed in November 2021 during the previous bull r…
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