ICYMI: large-cap altcoins have lost up to 50% of their value, while Bitcoin's price has dropped to $33,027 BTC $BTC $ETH
large-cap altcoins, especially those in the top 100, are recording losses as large as 50% in the last seven days as the Bitcoin price slid to lows of $33,027 on Jan. 24.CoinMarketCap
data, BTC is down 5.54% in the last 24 hours and 20.83% over seven days at its present price of $33,923. The second-largest cryptocurrency, Ethereum, is likewise down 9.75% in the last 24 hours and 30.89% over seven days. The altcoin market was dealt a bigger blow as the majority of crypto assets, especially in the top 100, are trading presently in the red, with most recording significant losses.
In the last 24 hours, Solana is down 17.49%, Near protocol down 15%, and Enjin Coin and Curve DAO token are down significantly, per CoinMarketCap. In the past seven days, assets such as Solana , Polygon , Chainlink , Near Protocol and Harmony have shed almost half of their previous values. In the last 24 hours, there have been nearly $345 million in liquidations according to A total of 104,342 traders were liquidated as prices fell, while the largest single liquidation order happened on Bitmex: the XBTUSD value $6 million. The overall crypto market valuation stands at $1.54 trillion, a 7.08% decrease in the last 24 hours.
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