#BinanceLaunchpool #BullorBear
Most of the larger-cap alts have plummeted by double digits on a daily scale. The dire market conditions for all cryptocurrencies continue and have even worsened in the past few hours, as bitcoin dumped to another multi-month low of around $57,000.
The altcoins have followed suit with massive losses, and the total market cap has lost well over $200 billion in the past 36 hours or so.
Itâs no surprise that most alternative coins have followed BTC on the way down. Ethereum stood above $3,200 after the Hong Kong spot ETFs went live yesterday but has plummeted by more than $300 since then to under $2,900. Binance Coin lost the $600 level and is now down to $550.
Even more daily losses are evident from SOL, DOGE, TON, SHIB, AVAX, BCH, NEAR, and many others, who have plunged by double digits. The total crypto market cap has slumped to $2.240 trillion.Â
