The market is trading in red today as Bitcoin, and Altcoins including Ethereum see a tremendous decline. As of writing, Bitcoin price has decreased by 8.11% in the last 24 hours.

The second largest crypto, Ethereum price today dropped by 7.87% in the last 24 hours. The market cap for Ethereum is 173.09 billion USD. Moreover, trading volume increases by 58.60% over the previous 24 hours, showing decreased interest among investors. Each ETH token is trading for 1,414 USD, thus, falling below the support level of 1500.

The global crypto market cap stands at 931.99 billion USD, slipping down by 60 billion in a mere 24 hours, a decrease of 6.59% over the past day. The total crypto market volume in the last 24 hours increased by 46.85% and is currently at 65.70 billion USD.

(By Shourya Jha)