Bitcoin crashes at $ 1,000 overnight, losing cryptoma markets $ 30 billion
Bitcoin crashes at $ 1,000 overnight, losing cryptoma markets $ 30 billion
After several days of sideways trade, Bitcoin finally experienced a certain volatility that drove it down around a thousand.
Most old coins have also become red. Binance Coin is one of the very few exceptions because the asset has risen to over $ 330.
BTC breaks a $ 1,000
On Wednesday and Thursday last week there was massive volatility when the primary cryptocurrency exploded from $ 27,000 to $ 30,000 before returning to fake messages at the earlier times. However, when the problems of First Republic worsened and the fake reports were refuted, BTC went on the offensive again and approached the $ 30,000 mark.
But the bears caught the movement and did not allow any further increases. On the contrary, BTC decreased by several hundred dollars and calmed down at just over $ 29,000.
The landscape changed late Sunday when the asset was pumped again towards $ 30,000, but the subsequent rejection drove it south. BTC collapsed almost two giants within a few hours and fell to $ 28,300 (on Bitstamp).
Up to now it is a few hundred dollars above this level, but it is still 2.3 % lower than during the day and is less than $ 29,000. Its market capitalization has dropped to $ 550 billion, and its dominance compared to the Alts has decreased slightly to 46.9 % at CMC.
Btcusd. Tradingview
BNB defies the market
As it usually happens when BTC has more volatility, the old coins also feel this. Ethereum has also been calm at $ 1,900 in the last few days, but a daily decline of 3.3 % has so far driven to $ 1,850.
ripple, Cardano, Dogecoin, Polygon, Polkadot, Litecoin, Shiba Inu and Avalanche have all declined by similar percentages. Binance Coin managed to defy the general mood. BNB rose by almost 4 % in one day and is well over $ 330.
However,Other losses are obvious to atom, ICP, APE and most other mid and Lower cap alternatives. In contrast, after a listing at OKX, Pepe climbed over 90 % daily and entered the top 100 coins after market capitalization.
Speaking of crypto market capitalization: It lost around $ 30 billion a day and fell to well under $ 1.2 trillion.
Overview of the cryptocurrency market. Quantify crypto