Bitcoin price has dropped below $27,000, while ETH’s price has dropped below $1,800. Over $100 million has been traded in the past hour alone, according to Coinglass. Over 430,000 consumers’ accounts have been liquidated in the previous day and a half, resulting in a liquidation of more than $1.22 billion USD.
The S&P 500 and Nasdaq Composite all dropped 1.65%, and 3.185%, respectively.
It is now trading at $26,789 based on data provided by CoinMarketCap at the time of publication. This is bitcoin’s lowest price since December 2020.
Ethereum’s price has fallen to $1,800 its lowest level since July 2021, after falling 15.16 percent over the day.
XRP, Cardano (ADA), and Dogecoin (DOGE) have all seen their value plummet by over 25% in the last 24 hours, as has the whole global cryptocurrency market. Because of this, all 10 of the most popular cryptocurrencies that aren’t stablecoins have seen their value plummet.
Compared to the previous day, the price of BNB has plummeted by about 19%, while the price of Solana has dropped by over 30%.