All of the top 20 cryptocurrencies are seeing severe losses in the 24 hours to press time. Bitcoin’s (BTC) price has dipped below the $3,700 mark
Bitcoin is down over 9 percent on the day, The price of bitcoin fell more than 10 percent during Thursday’s trading session as the cryptocurrency erased a large portion of its recent gains.
At 6:00 UTC, bitcoin opened the trading hour at a price of $4,018 but fell to $3,748 before the hour was complete. After trading sideways until 16:00 UTC, the sell-off accelerated to a low of $3,570,
Ethereum was trading at $126.31, a decline of 15.4% in the past 24 hours. seen its value decrease by about 16 percent over the last 24 hours. At press time, ETH is trading at around $127, having started the day around $151. On the weekly chart, Ethereum’s current value is significantly lower than $150, the price at which the coin started the week.
XRP, a digital asset developed by Ripple, was down 11.1% at $0.33. the current price is lower than $0.364, the price at which the cryptocurrency started the week.
XRP’s current price is also notably lower than its high of $0.381.
The total market value of cryptocurrencies stood at $122.7 billion, a decline of 10.6% in the past day.