The crypto market is going down today with an 8.46% dip in the total market capitalization and a whopping 28.07% drop in total crypto market trading volume. As the prices of top cryptocurrencies are slumping, a strong bearish trend seems to follow. Let us understand the reasons behind this fall and analyze if it continues.
Top Cryptocurrencies Are in Red
Coming to the prices of the top 10 cryptocurrencies, most of them are in red as of February 01, 2024. The Bitcoin price dropped below the $42,000 mark earlier today and is now trading at around $42,156 with a 2% dip in the last 24 hours.
The second largest cryptocurrency by market capitalization, Ethereum is also recording notable losses. Ether plunged to $2,243 a few hours back and is slowly climbing and hovering around the $2,270 level. In the last 24 hours, Ethereum price dropped by 3% but it is still managing to trade above $2,200.
Being stablecoins, there is not much difference when it comes to the prices of both USDC and USDT. Th
We współpracy z: https://coingape.com/blog/why-is-crypto-market-falling-today/
