Bitcoin

Coin

<ul class="wp-block-list news-points">
 <li>Bitcoin (BTC) dropped below the $60,000 price level, crashing 6% in 24 hours.</li>
 <li>Ether (ETH) also crashed 8% and is trading at $2,478.&nbsp;</li>
 <li>Meme coins including DOGE and SHIB crashed 6.58% and 6.76%, respectively.</li>
</ul>
The cryptocurrency market is experiencing a significant downturn, with the total market value falling below $2.2 trillion, now at $2.179 trillion, a 24-hour drop of 6.5%, according to CoinGecko <a href="https://www.coingecko.com/en/global-charts" target="_blank" rel="noopener noreferrer nofollow">data</a>.
Bitcoin, the world’s largest digital asset, led the decline, slipping below the $60,000 mark in the past 24 hours. Bitcoin’s price currently sits at <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$59,355.84</a>, having dropped from a high of $63,207.60 to a low of $58,116.75. This represents a 19.59% decrease from its all-time high of $73,750 reached in March of this year. Despite the price drop, Bitcoin still holds a dominant market share of 53.9%, with a valuation of $1.17 trillion.
On the other hand, Ether (ETH), the second-largest cryptocurrency by market cap, dropped 8.04% in the past 24 hours and is currently trading $2,478.8 with a market cap of $298 billion, and the digital asset is trading 49.26% lower from its all-time high (ATH) of $4,891.7, witnessed in November 2021 during the previous bull r…
The post <a href="https://coinedition.com/crypto-market-plunge-bitcoin-below-60k-total-cap-down-6-5/" rel="noopener noreferrer nofollow">Crypto Market Plunge: Bitcoin Below $60K, Total Cap Down 6.5%</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Market Plunge: Bitcoin Below $60K, Total Cap Down 6.5%

Coin Edition

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