The market is trading in red today, as most of the significant coins see a decline. The cryptocurrency markets are abuzz with the news that Silvergate Capital, a bank with a focus on crypto, is experiencing a “crisis of confidence” that has caused it to delay its filing with the U.S. Securities and Exchange Commission (SEC).
As of writing, Bitcoin price decreases by 4.69% in the last 24 hours. Ethereum price decreases by 4.61%. Crypto prices today for Cardano fell by 5.63%. XRP is down by 3.29%. Solana price dropped by 4.58%. Polygon is down by 4.75%. Polkadot price dips by 5.67%.
The meme cryptos have been seeing a decrease in the last 24 hours. Dogecoin price slashes by 6.66% whereas Shiba Inu price dropped by 5.54%.
The global crypto market cap stands at 1.03 trillion USD, a decrease of 4.38% over the past day. The total crypto market volume in the last 24 hours increased by 14.23% and is currently at 54.38 billion USD.
(By Shourya Jha)
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