Cryptocurrency markets have suffered significant losses during the last 24 hours, as the entire crypto market cap has dropped below a trillion to $823 billion losing roughly 9.9% in value. Since the bitcoin price height on Sunday, January 10, bitcoin’s price plummeted over 25%, seeing the largest price dive of the year.
Digital currency markets are in the red on Monday, as crypto assets have lost anywhere between 15% to over 35% during the last 24 hours. The leading digital asset by market valuation, bitcoin (BTC) is down over 20% at the time of publication.
Bitcoin (BTC) dropped to a low of $30,261 on Monday afternoon (EST) losing 25.2% after reaching a high of $41,056 on Sunday. At the time of writing, BTC is swapping for prices above $32k per unit with $38 billion in global BTC trade volume.
Ethereum lost significant value during the last 24 hours as well as the crypto asset is currently down 27%. Ethereum (ETH) is swapping for $933 per unit after reaching well above the $13k handle the day prior.
XRP took a 15% loss as it trades for $0.27 per token and bitcoin cash (BCH) is down 30% today. BCH hit a 2021 high on Sunday, capturing a value of over $625 per coin. Right now, however, bitcoin cash (BCH) is changing hands at $413 per unit.
The biggest gainers today are up between 8% to 91% on Monday with the token stakenet leading the pack. This is followed by other crypto-assets that have seen gains on Monday including STK, ZEN, MXC, and
