Hundreds Of Billions Lost As Major Cryptocurrencies—Including Bitcoin, Ethereum, Solana, Cardano—Tumble In Crypto Crash

Hundreds Of Billions Lost As Major Cryptocurrencies—Including Bitcoin, Ethereum, Solana, Cardano—Tumble In Crypto Crash

Share to Linkedin Hundreds of billions has been wiped from the cryptocurrency market Tuesday amid a market-wide crash that has seen the prices of major cryptocurrencies—including bitcoin, ethereum, cardano and solana—plummet and fall sharply from near record highs this week. Most major tokens—including ethereum, XRP, cardano, solana and dogecoin—experienced similarly steep drops over the last 24 hours, falling between 7% and 10%. Of the four most valuable cryptocurrencies by market capitalization—excluding the biggest, bitcoin, and tether, a stablecoin pegged to USD—ether fell 9. 6% to around $4, 300, Binance's BNB 8. 9% to $590, solana 7. 5% to $225 and cardano 9% to $1. 90. XRP, polkadot, dogecoin and shiba inu coin—the next largest cryptocurrencies by market cap, excluding another stablecoin, USD Coin—fell 9. 3%, 12. 4%, 8. 8% and 6%, respectively. The losses come as part of a wider rout in the cryptocurrency market, which is now worth some $2. 76 trillion, according to CoinGecko, down 8. 6% from the day before. The crash comes less than a week after bitcoin hit a new record high, jumping just above $69, 000. This came as part of a wider rally following a market crash earlier this year, a response to