Cryptocurrency prices slumped on Monday as the entire virtual coin market went through a fresh correction.
Bitcoin, the world’s most popular cryptocurrency, was just hovering above $47,100 down nearly 4 per cent at around 2 pm. Bitcoin’s market capitalisation fell below $900 billion as investors engaged in profit booking. The trade volume over the past 24 hours stood at $1.74 billion.
Ether, the native token on the Ethereum platform, also fell over five per cent and was trading just below $3,800. Ethereum’s market capitalisation has fallen to $452 billion and the 24-hour trade volume has jumped to 2.5 billion.
Prices of all other popular cryptocurrencies also dipped sharply in the wake of higher profit booking amid increased uncertainty among investors.
Cryptocurrency highlights | Check yesterday’s prices
Commenting on the market momentum, Edul Patel, CEO and Co-founder, Mudrex- A Global Algorithm Based Crypto Investment Platform, said, “The sell-off across the crypto market continued over the past 24 hours. All of the top 30 cryptocurrencies ended in the red.”
“Bitcoin fell below the $47,000 mark and Ethereum hovered around $3700. Technicals suggest that the market may correct some more,” he added.
“The coming 24 hours would likely give a clear view of the market direction.”
Here are the latest prices and trends of popular cryptocurrencies:
|Cryptocurrency||Price (US Dollar)||24-hour change||Market cap||Volume (24 Hours)|
|Bitcoin||47,409.99||-3.40%||$896.05 billion||$1.73 billion|
|Ether||$3,824.94||-5.09%||$453 billion||$2.5 billion|
|Dogecoin||0.160992||-2.55%||$21.31 billion||$971.30 million|
|Litecoin||148.62||-4.82%||$10.28 billion||$89.48 million|
|XRP||0.793117||-4.94%||$79.30 billion||$$3.38 billion|
|Cardano||1.24||-5.81%||$40.87 billion||$169.72 million|
DISCLAIMER: The cryptocurrency prices have been updated as of 2:30 pm and will change as the day progresses. The list is intended to give a rough idea regarding popular cryptocurrency trends and will be updated daily.