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

  • by:
  • Source: Forbes
  • 11/17/2021
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.

KEY FACTS
 
  • The price of bitcoin plummeted to around $60,500 Tuesday morning, down 8% from 24 hours before, according to CoinGecko. 
  • 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.

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