Market in a Sea of Red (BTC, SOL, ADA, SHIB) - Bitcoin World

After failing to maintain its upward pace, the cryptocurrency market is currently under strong selling pressure.

Over the last day, the overall market value has decreased by $65 billion, falling below $1.8 trillion. It is currently down 40% from its peak of around $3 trillion on November 10th.

The biggest losers have been Solana (SOL), Avalanche (AVAX), and Ethereum (ETH), which have all dropped more than 6%.

Bitcoin, the world’s most popular cryptocurrency, fell to $41,077, its lowest level since February 28.

In less than three days, the cryptocurrency has lost about 10% of its value, putting bears back in control.

Bitcoin fell to a one-month low of $34,324 on February 24. It did, however, make a spectacular price recovery and reclaimed the $45,000 level for the first time.

Meme coins like Shiba Inu and Dogecoin have also dropped by more than 3%.

Related Posts – XRP Price Goes Up After Unexpected Reappearance On Coinbase