Hundreds Of Billions Lost As Major Cryptocurrencies—Including Bitcoin, Ethereum, Solana, Cardano—Tumble In Crypto Crash

November 17, 2021 Blockchain

Hundreds of billions were wiped out of the cryptocurrency market on Tuesday, amid a market-wide crash that saw the prices of major cryptocurrencies including bitcoin, ethereum, cardano and solana fall sharply from near-record highs this week Is.

The price of bitcoin fell to around $60,500 on Tuesday morning, down 8% from 24 hours ago, according to coingeco,

Most of the major tokens—including Ethereum, XRP, Cardano, Solana, and Dogecoin—have experienced similarly sharp declines over the past 24 hours, falling between 7% and 10%.

Of the four most valuable cryptocurrencies by market capitalization — excluding the largest, bitcoin and Tether, a stablecoin pegged to the USD — Ether fell 9.6% to nearly $4,300, Binance’s BNB 8.9% to $590, Solana 7.5% from $225 and Cardano fell 9%. $1.90.

XRP, Polkadot, Dogecoin and Shiba Inu Coin—the next largest cryptocurrencies by market cap, excluding another stablecoin, USD Coin—fallen 9.3%, 12.4%, 8.8% and 6%, respectively.

The loss comes as part of a broader path into the cryptocurrency market, which is now valued at around $2.76 trillion, down 8.6% from a day earlier, according to CoinGecko.