Main navigation

BTC, SOL, ADA, SHIB: Market in Sea of Red

Advertisement
Fri, 4/03/2022 - 7:00
BTC, SOL, ADA, SHIB: Market in Sea of Red
Cover image via stock.adobe.com
Read U.TODAY on
Google News

The cryptocurrency market is under severe selling pressure as of now after failing to sustain its bullish momentum.  

The total market capitalization has shrunk by $65 billion over the last day, slipping below $1.8 trillion. It is now down 40% from the Nov. 10 peak of roughly $3 trillion.       

Solana (SOL), Avalanche (AVAX) and Ethereum (ETH) have taken the biggest losses, plunging by more than 6%.

Related

Bitcoin, the world’s leading cryptocurrency, slipped to $41,077, the lowest level on Feb. 28.

The cryptocurrency is now down almost 10% in less than three days, putting bears back in the driver’s seat.

Bitcoin tanked to $34,324 on Feb. 24, hitting a one-month low. However, it then managed to stage impressive price recovery and ended up reclaiming the $45,000 level for the first time.

Meme coins, such as Shiba Inu and Dogecoin, are also down more than 3%.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD