The bearish sentiment in the cryptocurrency market deepened on Tuesday, and the value of top tokens including Bitcoin and Ethereum plummeted. BinanceCoin and XRP are also facing downward pressure.
As of 2:21 AM Eastern Time, the global cryptocurrency market value has fallen by 64.96% in 24 hours CoinMarketCap Data Display.
Bitcoin has fallen by 7.98% in the past 24 hours and is trading at $60,564. Ethereum, the second most popular token, also plummeted by 7.06% during the same period, with a transaction price of US$4,363.
Both top cryptocurrencies have been hit Set a record highNovember 9. Compared with the previous week, Bitcoin fell by 10.91% and Ethereum fell by 9.48%.
The Meme cryptocurrency Shiba Inu, which has soared in the past few weeks, fell 3.73% to $0.0000503, while its rival Dogecoin fell more than 6% to $0.2474.
Among other tokens, BinanceCoin fell by 7.16% and traded at $605.99. XRP experienced a similar decline, trading at $1.12. Solana and Cardano also fell more than 5%.
On the other hand, Polkadot plunged 10.22%, trading at $41.96.
The cryptocurrency market is extremely unstable, and experts advise investors not to make decisions based on sudden changes in prices.
Photo: AFP/Oyama Takase
