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Cryptocurrency Price Today: Ethereum, Shiba Inu, Polygon and Cardano Slip Over 7% Crypto Markets Deep Red

Cryptocurrency prices have fallen in the last 24 hours. The global cryptocurrency market cap fell by a significant 4.12 percent and fell below the $1 trillion mark. According to CoinMarketCap, a data aggregator of cryptocurrency prices, the global cryptocurrency market cap is $934.50 billion. The total cryptocurrency market cap in the last 24 hours is $65.32 billion, a 34.89 percent increase from Sunday’s level. Bitcoin’s dominance stood at 39.91 percent, an increase of 0.48 percent during the trading session.

Bitcoin, Ethereum and BNB

Most influential cryptocurrency tokens such as Bitcoin, Ethereum and BNB have exhibited negative momentum.

Bitcoin is trading at $19,424 and is down 3.06 percent. The Ether of the Ethereum blockchain network has shown a major decline. The cryptocurrency fell 7.86 percent and is trading at $1,340. BNB crypto, native to Binance Smart Chain, saw a 3.64 percent drop.

Stablecoins

Stablecoins USDT, BUSD, DAI and USDC witnessed declines in the last 24 hours.

USDT Tether Stablecoin has lost 0.01 percent in its value in the last 24 hours and is trading at $1. The USDC stablecoin also fell 0.02 percent and is trading at $0.9998. BinanceUSD or BUSD has seen a negative change of 0.03 percent in its value in the last 24 hours. The stablecoin is trading at $0.9996 while the stablecoin DAI is down 0.04 percent and is trading at $0.9993.

Layer 1 Blockchain Tokens

Cryptocurrency tokens on Layer 1 blockchain networks such as Cardano, Ripple, Solana and Avalanche witnessed a downtrend in the last 24 hours.

Solana Blockchain’s SOL fell by 6.46 percent, while Avalanche’s AVAX fell by 9.04 percent. Cardano’s ADA fell by 7.04 percent and Ripple by 2.28 percent.

Polkadot and polygon

Polkadot’s native cryptocurrency DOT displayed negative momentum along with Polygon’s native crypto token MATIC. DOT token is down 6.85 percent and Polygon’s MATIC crypto token is down 7.85 percent in the last 24 hours.

Memecoins

Meme cryptocurrencies have also shown negative momentum. Dogecoin is down 6.10 percent, while meme crypto Shiba Inu is down 7.98 percent in the last 24 hours.

Most of the top cryptocurrency tokens have slipped from their previous positions in the last 24 hours.

Also Read: Cryptocurrency Price Today: Ether Down 9% Despite Ethereum Merger Success; Crypto Markets in Red – BusinessToday

Also Read: Cryptocurrency Price Today: Solana Gains 7%, Polkadot Up 5% As Global M-Cap Crosses $1 Trillion – Business Today

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