Crypto markets have dropped a great deal in value over the last 24 hours as crypto assets across the board have lost anywhere between 7-15% in value during this time period. The overall market valuation of all 10,000+ crypto-assets in existence has slid just below the $2 trillion handle, losing over 9% in value during the last 24 hours.
Crypto Economy Slips by 9% During the Last 24 Hours
Bitcoin (BTC) prices were above the $48K zone on Sunday, September 19, but the following day, BTC prices are much lower as the crypto asset dropped to a low of $42,660 per unit on Monday. BTC has shed 8.9% in value and the digital asset’s market valuation is around $815 billion today. At the time of writing, a single BTC is swapping for just above $43K per coin.
The second-leading crypto asset, ethereum (ETH) has dropped 10.3% in value during the last day and each ether is exchanging hands for just above $3K per unit. ETH has an overall market valuation of around $355.4 billion on Monday.
The biggest loser out of the top ten crypto-asset market positions is XRP, shedding 13.8% during the course of the last day. Bitcoin’s (BTC) 8% loss is the least of all the percentage losses on Monday. Just before BTC’s slide below $45K, Etoro’s crypto analyst discussed the current market events.
“Bitcoin and ether both experienced a weekend slip after a week of climbing back to previous highs,” Simon Peters, Etoro’s crypto analyst wrote in a note to Bitcoin.com News on Monday morning. “BTC began the week below $45,000 after the flash crash of the week before. Having risen
