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Crypto Market Faces Significant Decline; Bitcoin and Major Tokens Experience Losses

Xu Lin

2024/01/04 15:19

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Market Overview:

Bitcoin and top cryptocurrencies faced a sudden downturn in Asian trading hours.
Bitcoin retreated from its recent peak above $45,000, dropping by approximately 4.5% in the last 24 hours to $43,173.
Ethereum fell over 5.5% to $2,238, with a market cap reduction to $269 billion.
Tether remained relatively stable, while BNB saw a 1.6% increase.
Other tokens faced declines: SOL dropped over 6%, XRP shed more than 8%, ADA plummeted over 8%, and meme coins like Dogecoin and Shiba Inu crashed over 9%.

Global Market Impact:

The overall crypto market shrank by nearly 5% to $1.65 trillion amidst the decline.
The fear and greed index indicated subdued investor sentiment, standing at 67 during the period.

Performance of Selected Cryptos:

Pepe Coin: Plunged over 11% to $0.000001211, witnessing a market cap drop to $511.7 million. However, its trading volume surged by nearly 156% to $184.4 million.
Kaspa (KAS): Crashed over 11% to $0.104, reflecting a market cap decline to $2.3 billion. The 24-hour trading volume surged by 100% to over $73.3 million.
Arbitrum (ARB): Showed a 4.4% increase to $1.97, with a market cap of $2.5 billion. Trading volumes spiked by 144% to $3.2 billion in the last 24 hours, and the token appreciated by almost 23% in the last seven days.

Dapatkan pemahaman yang lebih luas tentang industri kripto melalui laporan informatif, dan terlibat dalam diskusi mendalam dengan penulis dan pembaca yang berpikiran sama. Anda dipersilakan untuk bergabung dengan kami di komunitas Coinlive kami yang sedang berkembang:https://t.me/CoinliveSG

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