Bitcoin (BTC) and Ethereum (ETH) are 2.45% and 1.86% down in the last 24 hours.

Market capitalization fell from $1.24 trillion to $1.2 trillion, taking a 2.13% dip.

The week starts with a red note for the cryptocurrency market. Every asset listed in the crypto sphere is showing a red movement in its price as well as a market capitalization graph. Pioneers in the trade, Bitcoin (BTC) and Ethereum (ETH) are 2.45% and 1.86% down in the last 24 hours, respectively. Coming to the trading price stats, BTC is at $28,248.62 and ETH is at $1,869.90 during press time. 

When compared to the journey of crypto in the bull market of 2021, the tokens have a long way to go. A significant number of coins attained their All-Time High (ATH) during the previously mentioned phase. But appreciation must be made for regaining the position after the disaster it went through in the bear run of 2022. 

The crypto market capitalization fell from $1.24 trillion to $1.2 trillion, taking a 2.13% dip. Sui (SUI) and PancakeSwap (CAKE) remain the top losers, with an 11.15% and 9.9% loss in the last hours, respectively. Immutable (IMX), Mina (MINA), and Optimism (OP) are also witnessing a 7% drop. 

Experts still believe the year 2023 is giving a fresh start to the devastated crypto market. And investors with periodic and regular investment plans can do well. But the surprises held by 2023 are always foreseen by investors.

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Filed under: Bitcoin - @ May 8, 2023 6:14 am