Live Crypto Prices: Bitcoin Dips Below $22,500 as Litecoin and Dogecoin Plummet by Up to 8%
Global cryptocurrency markets declined by 4% on Friday, with Bitcoin and Ethereum leading the way with drops of 4.5% and below the $1,600 level, respectively. The decline was attributed to US manufacturing data, uncertainties surrounding access to banking services for crypto companies in the US, and the fallout of bank Silvergate’s failure to file its annual report to the SEC. Other top tokens such as Litecoin, Dogecoin, Solana, Cardano, and BNB also saw decreases in trading. As of 12.03 hours on March 03, 2023, Bitcoin’s market cap was around $432.63 billion with a dominance of 42.09%. The global cryptocurrency market cap fell 4.01% in the last 24 hours to $1.03 trillion. The volume of all stablecoins is now $50.24 billion or 91.11% of the total crypto market 24-hour volume, while the total volume in DeFi is 5.39 billion or 9.78% of the total crypto market 24-hour volume. Experts note that there is a neutral sentiment in the cryptocurrency markets with indicators such as the Relative Strength Index (14), Stochastic %K (14, 3, 3), and Average Directional Index (14) indicating a neutral outlook or sell.
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