Cryptocurrency valuations fell sharply on Monday due to increased volatility in the virtual coin market. Check the latest cryptocurrency prices and trends.
Cryptocurrency prices fell on Monday amid high volatility. (Photo: Reuters)
Cryptocurrency prices fell on Monday as the virtual coin market witnesses high levels of volatility. Cryptocurrency prices fell over the weekend as trading volumes remained low.
Bitcoin, the world’s most popular cryptocurrency, was trading at $44,445.58 or 3.51 per cent lower than its value 24 hours ago at 3 pm. Its market capitalisation has fallen to 836.20 billion and the 24-hour trading volume stands at 749.17 million.
Ether also dropped sharply by over 6 per cent and was trading at $3,209.23. The market capitalisation has come down to $376.18 billion and trading volume stands at 941.67 million.
Most of the other altcoins are also trading in negative territory after falling sharply amid high volatility. Most of the altcoins have fallen nearly 5 per cent after overshadowing Bitcoin for the past few sessions.
Commenting on the weakness, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “Bitcoin broke below the support level at $45,000, giving bears a perfect opportunity to enter the markets again.”
“The largest altcoin, Ether, dropped below the $3300 level. The crypto market remained shaky, with most of the altcoins tanking over the past 24 hours. However, Polkadot moved more than 13 per cent higher, driven by huge demand,” he added.
Here are the latest prices and trends of popular cryptocurrencies:
|
Cryptocurrency |
Price (US Dollar) |
24-hour change |
Market cap (Billion) |
Volume (24 Hours) |
|
Bitcoin |
44,587.03 |
-3.17% |
$838.86 |
$749.17 million |
|
Ether |
33,216.38 |
-6..40% |
$377.02 |
$941.67 million |
|
Dogecoin |
0.233854 |
-5.13% |
$30.66 |
$1.45 billion |
|
Litecoin |
173.66 |
-4.83% |
$11.90 |
$2.34 billion |
|
XRP |
1.05 |
-4.08% |
$105.23 |
$3.63 billion |
|
Cardano |
2.40 |
-8.55% |
$77.63 |
$7.07 billion |
DISCLAIMER: The cryptocurrency prices have been updated as of 03:15 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and will be updated daily.
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