In the huge sell-off driven after Trump’s crypto reserve plan, Bitcoin price has dropped to $77k while altcoins fumbled in double digit. The Monday opening in the U.S. stock market also brought much volatility into the crypto market as stocks fell in a drastic downturn while Dow Jones dropped 2.08 points.
As per market data, Bitcoin fell from the daily high of $83,740 to as low as $76,800 in the past 24 hours. It is currently trading at $81,530 with a 24 hour trading volume of $59.56 billion.
Following Bitcoin, major altcoins like SOL, XRP and ETH have declined over 10% while experiencing a huge downtrend. SOL price has fallen below $120 for the first time since March 2024.
Other notable altcoins – including FET, LDO, UNI and ENA – also dropped nearly 10% while ENS, PYTH, THETA, OP, ARB, etc., fell 7% in the past 24 hours.
As per Coinmarketcap data, the global crypto market cap today sits at $2.66 trillion with a 24 hour trading volume of $156.82 billion.
Also Read: Cardano Price drops 13% in a week amid Market correction