The crypto market is experiencing a widespread sell-off, with Bitcoin revisiting the $70,000 range for the first time in nearly 300 days, and Ethereum dropping 11.8% in the last 24 hours.
BlockBeats News, February 1st, according to an exchange market data, the crypto market experienced a waterfall decline, with Bitcoin returning to the $70,000 range after 296 days, currently trading at $79,004. Ethereum plummeted by 11.8% in 24 hours, reaching $2,370. SOL dropped to $100.26, BNB fell below $800. The total market capitalization of cryptocurrencies evaporated by 5.7% in a single day, now standing at $2.738 trillion.
Some altcoins saw significant declines, including:
SSV now trades at $3.63, down 20.7% in 24 hours;
ORDI now trades at $2.96, down 20.04% in 24 hours;
GIGGLE now trades at $36, down 19.2% in 24 hours;
BERA now trades at $0.49, down 18.8% in 24 hours;
XPL now trades at $0.102, down 18.7% in 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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