Crypto Market Takes a Hit as Prices Slump
The cryptocurrency market experienced a flurry of activity on February 22, with prices taking a dip across the board. The global market cap dropped by 1.62% to $1.95 trillion, indicating a bearish sentiment in the market. Major cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana all witnessed price slumps. This could be attributed to the significant liquidation of the crypto market that occurred recently.
Major Crypto Prices Today
Bitcoin’s price continued its downward movement after the liquidation event, falling by 1.28% in the past 24 hours. The current price of BTC is $51,411, with a market cap of $1.009 trillion. Ethereum also experienced a considerable drop of 3% and is currently trading at $2,918. Solana and XRP saw decreases of 3.98% and 2.80% respectively.
The Top Crypto’s Prices for Today
Worldcoin Price Soars
The Worldcoin price surged by 4.33% in the past day and is currently trading at $7.36 with a market cap of $977.89 million. Over the past week, Worldcoin has seen an impressive 137.73% increase due to factors such as whale accumulations and growing project adoption.
Pepe Coin Price Falls
Pepe Coin (PEPE), a meme coin, experienced a 4.21% drop in its price over the past 24 hours, currently trading at $0.000001116. The market cap also decreased by 4.20%, reaching $469.54 million.
Starknet Slumps
Following a significant surge, Starknet (STRK) saw a 6.24% decrease in its price, now trading at $1.88. The token’s trading volume and market cap also dropped by 33.56% and 6.08% respectively after its recent listing on Binance.
Hot Take: Crypto Market Faces Bearish Sentiment
The crypto market has been hit with a bearish sentiment as prices slump across various cryptocurrencies. Bitcoin, Ethereum, XRP, and Solana all experienced downward movements in their prices. However, amidst the slump, Worldcoin has seen a significant surge, while Pepe Coin and Starknet faced decreases. It remains to be seen how the market will recover from this downturn.
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