The total capitalization of cryptocurrencies fell by 11% per day, bitcoin has updated at least five months.
Crypto traders lost more than $1.37 billion in a day amid a falling market. The bitcoin exchange rate dropped below $75,000 for the first time in five months, and most of the top 100 altcoins fell by 15% or more.
Over the past 24 hours, crypto exchanges have liquidated the positions of 443,000 traders for a total of $1.37 billion, according to Coinglass. Losses were mostly incurred by those who bet on the growth of cryptocurrency exchange rates: long positions accounted for $ 1.21 billion.
On the morning of April 7, the bitcoin (BTC) exchange rate has updated for at least five months. It fell to $74.4 thousand for the first time since November 7. In 24 hours, the coin has fallen in price by 10%. The capitalization of BTC dropped to $1.49 trillion.
At the same time, the share of bitcoin in the crypto market has updated its maximum in four years. The coin's dominance index rose to 59,7% for the first time since January 2021, according to TradingView.
The price of Ethereum (ETH) has dropped by 19% in the last 24 hours. The leading altcoin is trading at around $1.46 thousand. This is the minimum since March 2023.
The total capitalization of the crypto market has decreased by 11% over the past 24 hours, to $2.37 trillion, according to Coinmarketcap. The rates of cryptocurrencies from the top 10 by capitalization have fallen by 18-20%. These are XRP (XR) from Ripple, Cardano (ADA), Dogecoin (DOGE) and Solana (SOL).
The price of Solana dropped below $100 for the first time since February 2024. The token has lost almost 70% of the historical maximum of $294, recorded on the day of the launch of the "official" memcoin TRUMP (on the Solana blockchain) from the Donald Trump team. TRUMP has since collapsed in value too. Now its exchange rate has dropped to $7.4, which is 90% below the maximum (about $75).
Of the top 100 cryptocurrencies by capitalization, not a single coin has shown growth in the past 24 hours! Berachain (BERA) has the largest drop of 25%.
The index of fear and greed in the crypto market on April 7 is in the zone of "extreme fear", at around 23 points out of 100. This suggests that investors are prone to panic sales of cryptocurrencies.
