Bitcoin and Ethereum crashed more than 10% at press time amid a marketwide rout as the global cryptocurrency market cap dropped sharply by 11.3% to $1.4 trillion.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
-10.9%
-21.3%
$30,328.44
Ethereum (CRYPTO: ETH)
-11.4%
-21.8%
$2,233.98
Dogecoin (CRYPTO: DOGE)
-17.4%
-21.4%
$0.10
Top 24-Hour Losers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
Terra (LUNA)
-46.5%
$33.99
STEPN (GMT)
-29.3%
1.90
Lido DAO Protocol (LDO)
-27.8%
$2.02
See Also: How To Get Free Crypto
Why It Matters: Selling pressure was high on Monday, especially with tech stocks, as investors shed stocks, bonds and commodities. The S&P500 fell below the 4,000 mark to touch its lowest level since March 2021.
The dollar index hit its 20-year high on Monday at $104.090. The greenback has risen nearly 9% so far in 2022, according to a Reuters report.
While Bitcoin’s long-term fundamentals have remained unchanged, growth and recession worries have created a “very difficult environment” for …
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