Daily Market Watch: Bitcoin & Ethereum Dip Down While FTT Price Crashes

According to CoinMarketcaps data, overall, cryptocurrencies plummeted today with huge losses, including Bitcoin. However, the overall volume of the crypto market during the last 24 hours was $232.28 billion, an 84.04% gain, while the global crypto market is now seeing a 12% loss over the previous day to under the $1 trillion mark at $851.77 billion.

Bitcoin (BTC), the largest cryptocurrency with a market cap of $331.55 billion, with -11.51% over the last 24 hours, is currently trading at $17,204.44 Per (BTC / USD). 24-hour trading volume is $ $128.19 billion, with a 78.06% increase. The coin’s value has lost 13.38% in the last 24 hours and 15.60% over the previous seven days. The currency dipped below its Key RSI level of $20,000 to $17,000.

Ethereum (ETH), the second largest cryptocurrency with a market cap of $142.93 billion, is currently trading at $1,182.55 per (ETH / USD). 24-hour trading volume is $49,58 billion, with a 113.77% gain. The coin’s value has lost 22.35% in the last 24 hours and 24.28% over the previous seven days. The currency dipped below its Key RSI level of $1500 to $11,00.

Source: Tradingview

Related Reading | Binance To Purchase FTX In Effort To Address Liquidity Crunch

By Coinmarketcap statistics, Dogecoin (DOGE) is trading at $0.08437 with a loss of 21% over the last 24 hours, Cardano (ADA) is selling at $0.08437 with a loss of 12% over the same period, and BNB, which is presently at $290.72 and is down by 20%. 

Top on the list is FTX’s token FTT, which is now trading at $4.18 and suddenly collapsed from $22.14 to $3 and has a loss of 77.36% and a weekly loss of 83.64%, as well as Solana (SOL), which is down by 45.42% over the same period and is currently trading at $16.41. Litecoin (LTC) and Chainlink (LINK) are losing about 20% and 28% of their values, respectively.

Source: Tradingview

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