The price of bitcoin has slid under the $30K zone on Tuesday, dipping to $29,300 per unit during the early morning trading sessions (EDT). The global cryptocurrency market capitalization of all the crypto coins in existence is $1.19 trillion as it decreased by more than 6% in the last day.
Bitcoin’s Market Cap Sees $19 Billion Shaved in 24 Hours
Digital currency markets have lost considerable value during the last week and seven-day stats show a number of coins have shed double-digit percentages. Bitcoin (BTC) is currently trading for $29,656 per unit at the time of writing, down 5% during the last 24 hours. Weekly statistics show BTC is down more than 10% and holds a $556 billion market valuation. BTC’s market cap has shaved off $19 billion since yesterday.
Today, BTC commands 46.7% of the $1.19 trillion, while ethereum (ETH) captures 17.1%. Ethereum is swapping for $1,757 per unit, down 5.7% on Tuesday and seven-day statistics show ETH is down 11.9%. The biggest loser in the top ten crypto market cap positions is polkadot (DOT), which has bled 26% this past week. Cardano (ADA) has lost 19.3% and dogecoin (DOGE) over 18% this week.
Besides the coin unus sed leo (LEO), the top market performers today are all stablecoins. These include DAI, TUSD, BUSD, USDC, USDT, HUSD, UST, and PAX, respectively. 52.18% of BTC’s market share is traded in USDT, and 51.09% of ETH trades are also in tether (USDT). 24-hour volume between all crypto assets in existence has jumped over
