Bitcoin (BTC) Dropped to $57,000, Four Altcoins Separated Positive From the Market! Here Are the Stars of the Day!
Release: 2024/09/02 13:24 Reading: 744
Cryptocurrency Market Plunges at Start of September
Cryptocurrency prices took a dive on the first of September, causing concern among investors.
Major Cryptocurrencies in the Red
- Bitcoin (BTC): Declined to $57,000
- Ethereum (ETH): Dropped by 2% to $2,430
- Solana (SOL): Fell by 4.4% to $127
- XRP: Declined by 2.5% to $0.54
- Dogecoin (DOGE): Lost 5.6% to $0.094
Overall Market Cap Drops
The global crypto market capitalization fell by 1.71% to $2.02 trillion.
Altcoins Join the Downturn
Most altcoins followed Bitcoin's decline, with only four experiencing gains in the past 24 hours:
- Helium (HNT)
- Monero (XMR)
- Starknet (STRK)
- FET
Memecoins Suffer Steepest Losses
Memecoins faced the sharpest declines among altcoins:
- DOGS
- BEAM
- BRETT
- Dogwifhat (WIF)
Liquidations Soar
The market's volatility triggered a surge in liquidations. Coinglass data reveals $163 million worth of leveraged positions liquidated in the past 24 hours:
- $136 million in long positions
- $26 million in short positions
Over 58,000 investors faced liquidations, with the largest order, worth $10 million, occurring on Binance's BTC/USDT trading pair.
Disclaimer:
This information is not intended as investment advice.
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