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Crypto Market Sheds $40B as Bitcoin, Ethereum Prices Sink

Bitcoin (BTC) fell another 4% over the day, changing hands around $21,830, according to data from CoinGecko.

Ethereum (ETH), the industry’s second-largest cryptocurrency, lost 5.4% in value over the day, currently trading around $1,545, with several other popular coins suffering even bigger losses over the past 24 hours.

These include Cardano (ADA) and Dogecoin (DOGE), which shed 6.5% and 7% over the day, respectively.

Solana (SOL) is down 7.9% over the day, followed by Avalanche (AVAX) and Polkadot (DOT), with the latter two losing 8.4% and 8.8% in value, respectively.

The combined market capitalization of all cryptocurrencies, which stood at $1.1 trillion yesterday, sank to $1.06 trillion at the time of this writing, per CoinGecko.

(By Andrew Asmakov)

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