The crypto market has seen another volatile trading day as Bitcoin has slipped below the $28,000 level. The primary cryptocurrency attempted to ascend to the $29,000 level earlier this week, however it wasn't successful, and consequently experienced a price dump which led to it trading at underneath $28,000. Ethereum, which is the second biggest cryptocurrency in terms of market capitalization, has also declined and is now trading at levels below $1,800.

Ripple's native token, XRP, has had an impressive few weeks; reaching highs of over $0.60 and gaining up to 60% week-on-week. XRP has started to settle down and is now trading at close to the $0.55 level. Other altcoins have been struggling to make any significant advances, with Dogecoin, Binance Coin, Shiba Inu, and Ethereum all down by up to 2%.

On the other hand, Cardano, Polkadot, TRON, and Avalanche have seen minor gains while the biggest mover has been HBAR, which is up around 9% in the past 24-hours. This is one of the leading factors as to why the overall crypto market capitalization has dropped by $30 billion as of late.



Other News from Today