Bitcoin And Ethereum Prices Fall 5% Due To China Lockdown

The crypto winter may last longer due to a series of events that have caused massive damage to any alt coin, Bitcoin and Ethereum included.

Bitcoin, the leading cryptocurrency, failed to break a descending triangle pattern and fell more than 3% to $16,184 amid increased market fear. Similarly, Ethereum, the second-most valuable cryptocurrency, has followed Bitcoin’s lead and dropped nearly 5% to $1,170 (at the writing time).

The global crypto market cap fell more than 2% the previous day to $815.32 billion, sending major cryptocurrencies into the red on November 28. Overall crypto market volume increased by 22.10% in the last 24 hours to $41.69 billion.

DeFi’s total volume is currently $2.60 billion, accounting for 6% of the overall 24-hour volume in the crypto market. The total volume of all stablecoins is now $38.85 billion, accounting for 93% of the crypto market’s total 24-hour volume.

Three of the top 100 coins that have gained value in the last 24 hours are Celo (CELO), Apecoin (APE), and UNUS SED LEO (LEO). The CELO price has increased by more than 34% to $0.697, the APE price by more than 13.5% to $3.70, and the LEO price by nearly 7%.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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