Crypto Price Today: Solana and XRP lose up to 3% as Bitcoin drops below $22,400

The bitcoin markets were trading negatively. Ethereum (ETH) was trading below the $1,600 mark while Bitcoin (BTC) dropped 0.39% to $22,352. BTC trade was about $13.3 billion, up 0.46% over the previous day.

As market participants tried to process the most recent information regarding Silvergate, the majority of cryptocurrencies stayed down. The worth of one bitcoin has decreased by 1% over the last 24 hours, from US$22,500 to US$22,600.

The price of other popular crypto currencies also decreased. 3.3% less people bought Solana. Additionally dealing with discounts were Dogecoin, Litecoin, Cardano, and XRP. The market capitalization of all cryptocurrencies was down around $1.02 trillion, dropping 0.87% over the previous day.

DeFi presently accounts for 3.37 billion, or 11.85%, of the 24-hour volume of the entire crypto market. All stablecoin volume is currently $25.24 billion, or 88.7% of the 24-hour value of the entire crypto market.

The biggest cryptocurrency in the world by market cap, Bitcoin, was valued at $431.72 billion. According to CoinMarketCap, Bitcoin presently has a 42.34% market share, up 0.21% from the previous day.

“As evidenced by BTC’s 5% decline over the past week, the world’s biggest cryptocurrency by market cap, the crypto market is still recovering from the Silvergate disaster. We may observe a slow rebound in digital assets overall if the Silvergate fallout doesn’t cause a wider contagion. The total crypto market cap is still above $1 trillion, which is a positive development.”

Bitcoin Price $22,352 -0.39%

Ethereum Price $1,558 -0.79%

Tether Price $1 -0.01%

BNB Price $285.65 -1.76%

XRP Price $0.3642 -2.79%

Dogecoin Price $0.07368 -2.66%

Cardano Price $0.3332 -2.03%

Polygon Price $1.12 -2.24%

Polkadot Price $5.90 -1.50%

Tron Price $0.06711 -0.20%

Litecoin Price $88.57 -2.79%

Shiba Inu Price $0.00001097 -2.34%

Solana Price $20.67 -3.26%