As crypto markets collapse, Solana drops 12% overnight
Cryptocurrency markets continue to bleed out, and in the past 24 hours, their total capitalization fell another € 20 billion.
Coins are mainly in the red, and the broader sentiment is particularly negative due to the FTX fallout.
Bitcoin Price Bleeds Out
Bitcoin is currently trading at around € 16,500, down 2.1% in the last 24 hours. Over the past week, the total loss has been about 22.6%.
The price of Bitcoin has been relatively flat over the past day. Although it attempted to break above € 17,000, it failed and is currently trading well below that level.
Altcoins Well in Red
Today, the majority of cryptocurrencies are trading in the red.
MATIC lost 4.7%, ETH is down 3%, ADA is down almost 4%, and ADA is down almost 4%. MATIC’s decline is also associated with reports that the FTX hacker dumped millions of tokens on the market in the past 24 hours.
The cryptocurrency that gained the most over the past day is Trust Wallet’s token, TWT. The stock is up a whopping 34%. DYDX was the second-best performer in the same period, up 27%.
It was CryptoCom’s CRO token that lost the most – around 18%, followed by Huobi Token and Solana Token.
The market sentiment remains particularly depressed, according to AlternativeMe, falling into the extreme fear territory.
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