The ongoing tariff is leaving a huge impact on the crypto market with the Bitcoin price crashing 10% today following the global stock markets plummet. Coinciding this, leading altcoins like ETH, XRP and SOL have dropped in double digits and the crypto market cap has lost $300 billion in the past 24 hours.
While reacting to drastic drop in Asian stock indices, Bitcoin price took a huge hit with it declining 10% from the daily high of $83,000 range to as low as $74,760 earlier today. The drop marks one of the biggest in a day while it loses the key support in the $81,000 range.
At the time of writing, Bitcoin is trading near $77,130 – down 6.89% – with a trading volume of $70.33 billion, which has notably increased 420% in the past 24 hours.
Bitcoin (BTC) Price – Source: CoinMarketCap
As Bitcoin declines significantly, altcoins are also shredding drastically with leading alts like ETH, XRP, SOL, DOGE and ADA losing in double digit gains in the past 24 hours.
ETH price seems to be the most affected one with it losing 16.44% and dropping below $1,500 while SOL declining 15.5% in the past 24 hours and it’s on the urge to drop below $100 price mark. Similarly, XRP has also dropped 14% after losing key support at $1.95 and currently trading at $1.77 – as per market data.
In the top losing list, Berachain’s BERA is in lead with it dumping 24% while ZEC, MEW and SAFE losing 22% today. Meanwhile, no major crypto has surged with any notable gains but GRASS has seen 8% increase only.
Trending Crypto Today
- BTC (Bitcoin)
- ETH (Ethereum)
- XRP (XRP)
- SOL (Solana)
- DOGE (Dogecoin)
Top Crypto Gainers Today
- GRASS (Grass): +8%
- SPX (SPX69000): +4%
- UXLINK (UXLINK): +3%
- KAVA (Kava): +2%
- FARTCOIN (Fartcoin): +1%
Top Crypto Losers Today
- BERA (Berachain): -24%
- ZEC (Zcash): -22%
- MEW (Cats in dogs world): -22%
- SAFE (Safe): -22%
- AERO (Aerodrome Finance): -19%
As per Coinmarketcap data , the global crypto market cap today sits at $2.43 trillion which has decreased 7.93% in the past 24 hours.
