Bitcoin

Top 5 Cryptocurrencies That Took a Massive Hit

In a current flip of occasions, Binance backed out of FTX’s acquisition deal. The meltdown of FTX and Alameda Analysis has despatched shockwaves throughout the business. Based on CoinMarketCap’s data, the value decline wiped away greater than $100 billion in worth from crypto belongings.

Because the crypto market stays unstable, these prime cryptocurrencies have taken a big hit.

Solana

Based on value monitoring platform CoinMarketCap, SOL is presently buying and selling at $15.13, down from $22.5 within the earlier 24 hours. Solana has plummeted 28.83% in in the future. Trades are afraid of a possible Solana dump.

Solana price chart

Bitcoin

As of this writing, the BTC value stands at $16,255, down from $18,366—a 11.30% drop within the final 24 hours—in line with value monitoring platform CoinMarketCap.

BTC Price Chart

Ethereum

Based on value monitoring platform CoinMarketCap, ETH is presently buying and selling at $1,162, down from $1244, a 11.12% drop within the final 24 hours.

ETH Price Chart

DogeCoin

The meme cryptocurrency, DOGE, plummeted practically 7% amid the crash. As of this writing, DOGE is buying and selling at $0.07996, down from $0.08388 within the final 24 hours, in line with value monitoring platform CoinMarketCap.

Dogecoin Price chart

Binance Coin

BNB, the native cryptocurrencies of Binace, additionally suffered vastly amid the information of FTX acqusition and later backing out of the identical. Based on value monitoring platform CoinMarketCap, BNB is presently buying and selling at $283.44, down from $314, a 9.90% drop within the final 24 hours.

BNB Price Chart

Additionally Learn: JPMorgan: Crypto Market Dealing with A Cascade of Margin Calls, Extra Massacre Forward?

Dhirendra is a author, producer, and journalist who has labored within the media business for greater than 3 years. A expertise fanatic, a curious one who likes to analysis and find out about issues. When he’s not working, you’ll find him studying and understanding the world by way of the lens of the Web. Contact him at [email protected]

The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.

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