- CoinMarketCap data indicated that the cryptocurrency market dropped 1.91% over the past 24 hours.
- SOL was the biggest loser in the top 10 list and recorded a 24-hour loss of 2.93%.
- DOGE was trading hands at $0.05913 after its price slipped 2.58% during the past day of trading.
CoinMarketCap indicated that the cryptocurrency market was hit with a wave of sell volume over the past 24 hours. Subsequently, the market’s collective valuation was down 1.91% and estimated to be around $1.07 trillion at press time. The losses of Bitcoin (BTC), Solana (SOL), and Dogecoin (DOGE) had the biggest impact on the market during the past day of trading.
Bitcoin (BTC)
BTC’s price had slipped 0.85% over the past 24 hours. Consequently, the market leader was trading hands at $27,659.69 at press time. Despite the negative daily performance, BTC’s weekly performance was clinging onto the green zone, as the cryptocurrency’s price remained up 0.09% over the past 7 days.
Daily chart for BTC/USDT (Source: TradingView)
Although BTC’s 24-hour performance was among the best, the effect of its 24-hour loss on the cryptocurrency market is far greater than that of the losse…
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