Bloodbath in the Crypto Market: Top 5 Cryptocurrencies That Took a Massive Hit
In a recent turn of events, Binance backed out of FTX’s acquisition deal. The meltdown of FTX and Alameda Research has sent shockwaves across the industry. According to CoinMarketCap’s data, the price decline wiped away more than $100 billion in value from crypto assets.
As the crypto market remains volatile, these top cryptocurrencies have taken a significant hit.
Solana
According to price tracking platform CoinMarketCap, SOL is currently trading at $15.13, down from $22.5 in the previous 24 hours. Solana has plummeted 28.83% in one day. Trades are afraid of a potential Solana dump.
Bitcoin
As of this writing, the BTC price stands at $16,255, down from $18,366—a 11.30% drop in the last 24 hours—according to price tracking platform CoinMarketCap.
Ethereum
According to price tracking platform CoinMarketCap, ETH is currently trading at $1,162, down from $1244, a 11.12% drop in the last 24 hours.
DogeCoin
The meme cryptocurrency, DOGE, plummeted nearly 7% amid the crash. As of this writing, DOGE is trading at $0.07996, down from $0.08388 in the last 24 hours, according to price tracking platform CoinMarketCap.
Binance Coin
BNB, the native cryptocurrencies of Binace, also suffered greatly amid the news of FTX acqusition and later backing out of the same. According to price tracking platform CoinMarketCap, BNB is currently trading at $283.44, down from $314, a 9.90% drop in the last 24 hours.
Also Read: JPMorgan: Crypto Market Facing A Cascade of Margin Calls, More Bloodbath Ahead?
- Breaking: 21Shares Amends Sui ETF with Staking, Nasdaq Listing, Other Key Details
- Binance’s Changpeng Zhao Takes on Senator Elizabeth Warren On False “Fraud” Allegations
- Trump Tariffs: Crypto Market Volatility Looms As US President Terminates Trade Talks With Canada
- Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown
- Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
