For the past 24 hours, cryptocurrencies have been under pressure as they have tried to find support amid extreme volatility. While Bitcoin has made some progress, the majority of other prominent cryptocurrencies have fallen.
Since Tuesday, the cryptocurrency market has been under pressure owing to a large sell-off. At 11:30 a.m., Bitcoin was trading at $47,121.64, up 51%. Bitcoin’s value has dropped by more than $240 in the last 24 hours, while its market capitalization has risen to $885 billion.
The price of Ether has also dropped in the last 24 hours. It was down 0.48%, trading at $3,105.63. It now has a market capitalization of $363.87 billion. XRP, Cardano, Dogecoin, Stellar, Chainlink, Polygon, and Litecoin all decreased in value.
On the other hand, Analysts feel that the current downturn in the cryptocurrency market will disappear in the near future as digital coins get more widespread usage.
“The previous 24 hours were very turbulent for the crypto markets,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, said of the downturn. Bitcoin and Ether both failed to gain traction.”
Here are the latest prices and trends of popular cryptocurrencies:
| Cryptocurrency | Price (US Dollar) | 24-hour change | Market cap (Billion) | Volume (24 Hours) |
| Bitcoin | 47,126.85 | 0.02% | 885.90 | $1.18 billion |
| Ether | 3,108.69 | -0.38% | $364.23 | $756.84 million |
| Dogecoin | 0.271815 | -3.11% | $35.58 | $2.06 billion |
| Litecoin | 168.84 | -1.30% | $11.55 | $2.25 billion |
| XRP | 1.09 | -4.00% | $108.52 | $4.88 billion |
| Cardano | 2.56 | -3.26% | $82.70 | $5.35 billion |
