Top cryptocurrencies falls up to 12pc; Altcoins worst hit

Crypto Crash News and Top Cryptocurrency Prices: The worldwide crypto market valuation has shrunk even more in the last 24 hours, owing to widespread “severe panic.” According to data from CoinMarketCap, the global crypto market size has plummeted to USD1.24 trillion from USD1.29 trillion on Wednesday. The price of bitcoin has also dropped below USD29,000.

Over the last 24 hours, the global cryptocurrency market volume climbed by 3.44 percent to USD80.00 billion. The overall volume in DeFi was USD7.31 billion, accounting for 9.12 percent of the total 24-hour volume in the crypto market. The 24-hour volume of stable coins was USD70.33 billion, accounting for 87.68 percent of the total crypto market volume. Bitcoin’s price fell below USD29,000 in the last 24 hours, falling 3.35 percent.

Meanwhile, Bitcoin’s supremacy as the most valuable crypto asset remains at roughly 44.85%. In the last seven days, the price of Bitcoin has climbed by 1.36 percent. In the current market crisis, altcoins are performing worse than Bitcoin, showing that crypto traders have a weaker appetite for risk.

“Over the last day, BTC’s price fell below USD29,000, while ETH’s price fell below USD2000. Along with this drop, data suggested a surge in Bitcoin supply on exchanges. Investors typically transmit their Crypto holdings to exchanges with the goal of selling, according to Darshan Bathija, CEO and Co-Founder of Vauld.

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