- Bitcoin and major altcoins are discarded.
- Total market capitalization fell back below $ 2.05 trillion.
- The top 10 cryptocurrencies are in the red.
According to data from CoinMarketCap, bitcoins and major altcoins have been discarded, leaving the crypto investor wondering if this dump is a cryptocurrency solution or bloodbath. In addition, the color red dominates the cryptocurrency market this morning as the total market capitalization cancels the results of the last few days and falls back below $ 2.05 trillion.
Furthermore, Bitcoin fell more than 18% from $ 60,683 to $ 51,030. BTC is currently trading at $ 56,931.77 with a 24-hour trading volume of $ 86,177,659,393 at the time of writing.
Reset prices of the main Altcoins
Along with bitcoins, the prices of many altcoins are falling. Furthermore, Ethereum fell 8.55%, which is back at $ 2,226.
As shown above, the top 10 cryptocurrencies are in the red, with XRP reaching the highest among the top 10, dropping 17.49%. Furthermore, Bitcoin Cash (BCH) and Litecoin (LTC) are also losing more than 16% today, with the rest going from 12 to 5 percent. Additionally, below the top 20 charts, only Solana (SOL) is currently in the green with a gain of 7.31% at $ 27.8.
However, it looks like nothing is going to give the markets the rally they need right now, there has been no theft or negative news fueling the recession. However, there are other rumors that this event is a simple pump-and-restart scenario.
Furthermore, FOMO is one of the most common reactions to such a correction in the world of cryptocurrencies. For this reason, many traders do not understand whether this scenario is just a solution or a bloodbath in the cryptocurrency market. However, one thing is for sure: the cryptocurrency market will remain strong and stable despite the fluctuations of the network market.