{"id":13681,"date":"2021-11-13T12:42:41","date_gmt":"2021-11-13T11:42:41","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=13681"},"modified":"2021-11-13T12:43:00","modified_gmt":"2021-11-13T11:43:00","slug":"crypto-market-cap-drops-by-100-billion-in-a-single-day","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-market-cap-drops-by-100-billion-in-a-single-day\/","title":{"rendered":"Breaking: Crypto market cap drops by $100 billion in a single day"},"content":{"rendered":"\n
Bitcoin drops to a weekly low, causing the cryptocurrency market capitalisation to plummet by $100 billion in a single day<\/h5>\n\n\n\n
\"Breaking:
Crypto market cap drops by $100 billion in a single day<\/figcaption><\/figure>\n\n\n\n

In the last 24 hours, the bears have pushed bitcoin lower, bringing it to a weekly low of a little over $62,000. The majority of altcoins<\/a> are in the red as well, with Litecoin shedding the most value in a single day.<\/p>\n\n\n\n

Bitcoin Dropped to a New Weekly Low<\/h2>\n\n\n\n

The principal cryptocurrency just broke its previous ATH two times in a row, with the most recent peak\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> coming at $69,000.<\/p>\n\n\n\n

The entire situation was altered just when the neighborhood was anticipating another run up to $70,000. Instead of rising, bitcoin has been trending downwards. BTC dropped more than $6,000 in value in just a few hours, to an intraday low of $63,000.<\/p>\n\n\n\n

It first came back and soared beyond $65,000, as we started yesterday<\/use><\/svg><\/span><\/a>. This price boost, however, was short-lived, and the bears drove it back down. This time, the cryptocurrency dropped to $62,300 (on Bitstamp), its lowest level since November 7th.<\/p>\n\n\n\n

Bitcoin has already regained more than $1,000 in value, and its market capitalization has increased to $1.2 trillion.<\/p>\n\n\n\n

\"Breaking:
BTCUSD<\/figcaption><\/figure>\n\n\n\n

As LTC Dumps Hard, Alts Retrace<\/h2>\n\n\n\n


Alternative coins have also had their better days, which were not so long ago. Ethereum has reached its newest all-time high of around $4,900. Since then, though, ETH<\/a> has lost over $300 and is now struggling to stay above $4,600.<\/p>\n\n\n\n

Solana also hit a new high of $260 lately, but it's already down to $225. Ripple, Polkadot, and Dogecoin are all marginally down on a 24-hour scale, but Shiba Inu has lost more than 3% of its value and is now worth a little over $0.00005.<\/p>\n\n\n\n

From the larger-cap alts, Litecoin has suffered the largest losses. LTC has dropped over 10% in a day to $250.<\/p>\n\n\n\n

Binance Coin, Cardano, and Terra, on the other hand, have witnessed slight advances. Avalanche is up 3.5 percent and has re-entered the $90 range.<\/p>\n\n\n\n

Some of the smaller and mid-cap alternative stocks have seen bigger returns. Decentraland (21%) is the most popular, followed by IoTeX (20%), The Sandbox (20%), Chilliz (15%), CRO (11%), and Helium (11%). (10 percent ).<\/p>\n\n\n\n

On CoinGecko, the cryptocurrency market has lost $100 billion in a single day, falling to $2.9 trillion.<\/p>\n\n\n\n

\"Breaking:
Cryptocurrency Market Overview. Source: Quantify Crypto<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Bitcoin drops to a weekly low, causing the cryptocurrency market capitalisation to plummet by $100 billion in a single day In the last 24 hours, the bears have pushed bitcoin lower, bringing it to a weekly low of a little over $62,000. The majority of altcoins are in the red as well, with Litecoin shedding […]<\/p>\n","protected":false},"author":29,"featured_media":13684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[5417],"class_list":["post-13681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","tag-cmp-bitcoin-price"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/Crypto-market-cap-drops-by-100-billion-in-a-single-day.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/13681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=13681"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/13681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/13684"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=13681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=13681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=13681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}