{"id":488320,"date":"2022-04-19T09:00:47","date_gmt":"2022-04-19T09:00:47","guid":{"rendered":"https:\/\/wncen.com\/?p=488320"},"modified":"2024-10-26T19:05:35","modified_gmt":"2024-10-26T19:05:35","slug":"crypto-market-cap-falls-by-80-billion-in-a-day-as-bitcoin-dumps-below-40k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-market-cap-falls-by-80-billion-in-a-day-as-bitcoin-dumps-below-40k\/","title":{"rendered":"Crypto Market Cap Falls By $80 Billion In A Day As Bitcoin Dumps Below $40K"},"content":{"rendered":"

The crypto market cap declined by about $80 billion today as Bitcoin dropped to a monthly low beneath $39,000.<\/span><\/p>\n

The crypto markets are on another roller coaster ride today, with bitcoin slipping below $40,000 and many altcoins dumpings as well. Ethereum has taken it on the chin losing over 5% of its value to sit at just under $3,000 per coin. Other altcoins like Terra, Ripple, Solana, Cardano and Polkadot also had substantial price losses.\u00a0<\/span><\/p>\n

Related Reading | TA: Ethereum Slides Below 3K, Why Bears Could Aim $2.5K<\/a><\/strong><\/em><\/p>\n

Altcoins Enter The Red Sea <\/span>As Bitcoin Drops <\/span><\/h2>\n

With little-to-no substantial price movements for most of this week, today is a different day for altcoins. The market has been tumultuous, and prices are swinging back and forth throughout the day. As a result, most altcoins are recorded in red with the day started.\u00a0<\/span><\/p>\n

The price of Ethereum has continued to drop, now below $3k for the third time this month. The cryptocurrency is leading an adverse trend, with other coins following suit and falling by almost 5%.<\/span><\/p>\n

The Binance coin struggled to maintain its position at around $400 after a 3.5% decrease in the last 24 hours. However, things are starting to look up for this cryptocurrency as of late Sunday evening, when prices were close to $420 per coin.<\/span><\/p>\n

Today, the big movers are Cardano with a 7% decrease and Ripple 6% decrease. Some other notable tokens are Shiba Inu, whose value dropped 6%, Polkadot, with a 7% decline over the last 24 hours, and Dogecoin declined 6%.<\/span><\/p>\n

The cryptocurrency market has been rough today, with many coins losing 10% or more. The biggest losers include KNC (-11%), Filecoin (-11%), ZILIQA (-10%). Others, including EOS and STEPN, both lost 10% of their value today.\u00a0<\/span><\/p>\n

Eventually, The crypto market cap is down $80 billion and now sits at $1.8 trillion.<\/span><\/p>\n

\"Market
Crypto Market cap is recovering after hitting its month low of $1.75 trillion | Source: Crypto Market Cap by Tradingview.com<\/a><\/figcaption><\/figure>\n

Bitcoin Falls To Monthly Low<\/span><\/h2>\n

Bitcoin found itself in the headlines this past week, as it fell from $45,000 to around $40,000. The cryptocurrency had relaxed for much of last night above $40,000 and even took a swing at $41,000.\u00a0<\/span><\/p>\n

Although bitcoin held onto its value above $40,000 over the weekend, the bears came out in force and pushed prices below $40,000 for the second time in ten days.<\/span><\/p>\n

Related Reading | Bitcoin Traders Long The $39K Dip, Will BTC Head In Expected Direction?<\/a><\/strong><\/em><\/p>\n

In today\u2019s dump, Bitcoin fell by $38,600, the lowest price mark since March 16. Bitcoin has risen a few hundred dollars after falling to its month low, but its market capitalization is still below $750 billion.\u00a0<\/span><\/p>\n

The price of bitcoin has been tightening in recent months. However, a capitulation event, where traders are predicting a downward trajectory for the cryptocurrency’s value, could be brewing at any time.<\/span><\/p>\n

 <\/p>\n

                Featured image from Pixabay.com and chart from Tradingview.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
The crypto market cap declined by about $80 billion today as Bitcoin dropped to a monthly low beneath $39,000. The crypto markets are on another roller coaster ride today, with bitcoin slipping below $40,000 and many altcoins dumpings as well. Ethereum has taken it on the chin losing over 5% of its value to sit at just under $3,000 per coin. Other altcoins like Terra, Ripple, Solana, Cardano and Polkadot also had substantial price losses.\u00a0 Related Reading | TA: Ethereum Slides Below 3K, Why Bears Could Aim $2.5K Altcoins Enter The Red Sea As Bitcoin Drops With little-to-no substantial price movements for most of this week, today is a different day for altcoins. The market has been tumultuous, and prices are swinging back and forth throughout the day. As a result, most altcoins are recorded in red with the day started.\u00a0 The price of Ethereum has continued to drop, now below $3k for the third time this month. The cryptocurrency is leading an adverse trend, with other coins following suit and falling by almost 5%. The Binance coin struggled to maintain its position at around $400 after a 3.5% decrease in the last 24 hours. However, things are starting to look up for this cryptocurrency as of late Sunday evening, when prices were close to $420 per coin. Today, the big movers are Cardano with a 7% decrease and Ripple 6% decrease. Some other notable tokens are Shiba Inu, whose value dropped 6%, Polkadot, with a 7% decline over the last 24 hours, and Dogecoin declined 6%. The cryptocurrency market has been rough today, with many coins losing 10% or more. The biggest losers include KNC (-11%), Filecoin (-11%), ZILIQA (-10%). Others, including EOS and STEPN, both lost 10% of their value today.\u00a0 Eventually, The crypto market cap is down $80 billion and now sits at $1.8 trillion. Bitcoin Falls To Monthly Low Bitcoin found itself in the headlines this past week, as it fell from $45,000 to around $40,000. The cryptocurrency had relaxed for much of last night above $40,000 and even took a swing at $41,000.\u00a0 Although bitcoin held onto its value above $40,000 over the weekend, the bears came out in force and pushed prices below $40,000 for the second time in ten days. Related Reading | Bitcoin Traders Long The $39K Dip, Will BTC Head In Expected Direction? In today\u2019s dump, Bitcoin fell by $38,600, the lowest price mark since March 16. Bitcoin has risen a few hundred dollars after falling to its month low, but its market capitalization is still below $750 billion.\u00a0 The price of bitcoin has been tightening in recent months. However, a capitulation event, where traders are predicting a downward trajectory for the cryptocurrency’s value, could be brewing at any time.   Featured image from Pixabay.com and chart from Tradingview.com<\/p>\n","protected":false},"author":623,"featured_media":488325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361,3],"tags":[428,82779,1558,1946,83668,83626],"class_list":["post-488320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","category-news","tag-bitcoin","tag-crypto-market-cap","tag-cryptocurrency","tag-ethereum","tag-shib","tag-solana"],"acf":[],"yoast_head":"\nCrypto Market Cap Falls By $80 Billion In A Day As Bitcoin Dumps Below $40K<\/title>\n<meta name=\"description\" content=\"The crypto market cap declined by $80 billion today as Bitcoin dropped to a monthly low. 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