Bitcoin Falls To $20k; XRP, Cardano Drops Over 4%; Huobi Token Tanks 21%

Crypto Prices Today: The market is trading in red today as Bitcoin, and Altcoins including Ethereum see a massive decline following SEC’s continuous crackdown on crypto-related exchanges and banks. 

As of writing, Bitcoin price has plummeted by 7.94% in the last 24 hours. Ethereum price decreases by 7.62%. Crypto prices today for Cardano fell by 3.57%. XRP has slashed by 4.04%. Solana price dropped by 7.63%. Polygon price is down by 4.08%. Polkadot price dips by 3.80%. Huobi Token dips by a massive 21.21%. 

The meme cryptos have been seeing a massive decline as well in the last 24 hours. Dogecoin price slashes by 8.24% whereas Shiba Inu price drops by 9.18%.

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.

The top 4 crypto for today are:

Bitcoin (BTC) price dips by 7.94%

The world’s largest crypto, Bitcoin price decreases by 7.94% in the last 24 hours, thus, taking the market cap to 386.72 billion USD. Each BTC is trading for 20,022 USD. The crypto which was seeing a turnover at the start of the year has been facing a tough few weeks amid the economic conditions and SEC’s crackdown. Trading volume in the last 24 hours is up by 62.83% indicating poor interest from investors. The dominance of Bitcoin has decreased by 0.72% compared to the previous day and stands at 41.38%. Source: coinmarketcap

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Ripple (XRP) price dips by 4.04%

XRP Price slips by 4.04% in the last 24 hours and each XRP token is trading for 0.3725 USD. The market cap for this crypto is currently at 18.97 billion USD. Trading volume is down by 12.21% over the last day. Source: coinmarketcap

Cardano (ADA) price dips by 3.57%

With a drop of 3.57% in the Cardano price during the last 24 hours, the market cap for the crypto is at 10.67 billion USD. Whereas trading volume is seeing an increase of 58.46%. Each ADA token is trading for 0.3077 USD. Source: coinmarketcap

Huobi Token (HT) price dips by 21.21%

Within a span of just 10 minutes, the value of the Huobi token price plummeted by over 93%, dropping from 4.6 USD to a mere 0.31 USD. However, it has since regained some ground. Justin Sun came in defense of this sudden price drop and claimed it was caused by a “few users who triggered a chain of leveraged liquidations”. Each HT token is currently trading at 3.82 USD. The market cap has come down to 620.07 million USD and trading volume has escalated by 313.48%. Source: coinmarketcap

Also read: Breaking: KuCoin Crypto Exchange Sued By NYAG Over Selling Securities

Shourya is a fintech enthusiast who mainly reports on Cryptocurrency Prices, Union Budget, CBDC, and FTX collapse. Connect with her at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.