On Thursday, as popular virtual coins failed to find support, cryptocurrency values dropped amid increasing volatility.
At 2:00 p.m., Bitcoin, the world’s most popular cryptocurrency, was down roughly 1% from its previous value. The cryptocurrency was trading at $44,663.95 with an $839.24 billion market capitalization.
Ether was also down almost 0.9 percent, trading at little over $3,000 per coin. The market capitalization of bitcoin has dropped to $351.53 billion.
While some prominent altcoins like XRP, Cardano, Dogecoin, Stellar, and Polkadot were up, others such as Litecoin Chainlink, Polygon, and Uniswap were down.
According to experts, the bitcoin market is now experiencing a time of extreme volatility.
“The crypto markets are now finding it tough to find support,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, said of the current market trend. The last 24 hours have been characterised by extreme volatility.”
“Bitcoin, the most valuable cryptocurrency by market capitalization, edged closer to $46,000 before sliding back to slightly around $44,000,” he said.
“With a comparable selloff throughout the spectrum, the entire market absorbed the shock of this volatility.”
Here are the latest prices and trends of popular cryptocurrencies:
| Cryptocurrency | Price (US Dollar) | 24-hour change | Market cap (Billion) | Volume (24 Hours) |
| Bitcoin | 44,662.93 | -1.11% | $839.22 | $33.57 billion |
| Ether | 2,999.50 | -1.36% | $351.24 | $21.01 billion |
| Dogecoin | 0.30039 | 2.12% | $39.28 | $4.54 billion |
| Litecoin | 166.93 | -1.32% | $11.40 | $1.74 billion |
| XRP | 1.13 | 1.87% | $112.70 | $7.14 billion |
| Cardano | 2.11 | 5.06% | $68.17 | $4.24 billion |
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