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<ul class="wp-block-list news-points"> 
 <li>Bitcoin and Ether have crashed 24% and 31% in the past seven days.</li> 
 <li>Over $800 million was wiped off from the crypto market in the past 24 hours.</li> 
 <li>Altcoins including ZRO, SOL, STRK, WLD, TON, and DOGE plummeted.</li> 
</ul> 
The crypto market experienced a significant crash over the past 24 hours, with Bitcoin (BTC), the leading cryptocurrency, falling below the $53,000 price level. Data from <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="nofollow">Coinglass reveals</a> over $800 million liquidated from the crypto space, with $46.13 million in the past hour, $166.27 million in the past 4 hours, and $678.62 million in the last 12 hours. 
CoinMarketCap <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="nofollow">data shows</a> Bitcoin’s trading volume surged almost 100%, now standing at $54.81 billion with a market capitalization of $1.04 trillion. After reaching a high of $65,600 on August 1st, BTC has declined for four consecutive days and is currently trading at $52,891. The world’s largest digital asset is down 24% in the past seven days. Meanwhile, Ether (ETH), the second-largest cryptocurrency, followed a similar bearish trend, dropping 31% over the same period. 
Prices of leading altcoins also mirrored the dip in BTC and ETH prices. Toncoin (TON) dipped 12% to $5.24, down 22.61% over the past…
The post <a href="https://coinedition.com/id/crypto-update-market-loses-800-million-bitcoin-below-53k/">Crypto Update: Market Loses $800 Million, Bitcoin Below $53K</a> appeared first on <a href="https://coinedition.com/id/">Coin Edition</a>.

Crypto Update: Market Loses $800 Million, Bitcoin Below $53K

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