Editor's PiCK
[Market Update] Bitcoin Collapses Below $80,000 Mark... Major Altcoins Fall in Tandem
Suehyeon Lee
Summary
- Bitcoin (BTC) has fallen below $80,000 and is showing a downward trend along with major altcoins.
- Ethereum (ETH) recorded a decline of 7.91%, XRP 6.46%, and Solana (SOL) and BNB also recorded declines of 5.39% and 5.28% respectively.
- Analysis suggests that market volatility is increasing due to the concurrent decline of major cryptocurrencies this week.
Bitcoin (BTC) has expanded its volatility and fallen below $80,000 for the first time since November 10 last year.
As of the morning of the 26th, Bitcoin is trading at $79,928.19 on CoinMarketCap, down 5.61% from the previous day. On Upbit's KRW market, it is trading at 118,353,000 won.
Major altcoins are also showing a downward trend. Ethereum (ETH) is trading at $2,153.67 on CoinMarketCap, down 7.91% from the previous day, while XRP is also down 6.46% at $2.04.
In addition, Solana (SOL) is trading at $128.98 on CoinMarketCap, down 5.39% from the previous day, and BNB is also trading at $578.10, down 5.28% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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