Live Cryptocurrency Prices Today: Bitcoin Drops Below $24,600 as Dogecoin and Shiba Inu Experience Up to 7% Decline
The global cryptocurrency market was trading lower on 17 March amid concerns over the ongoing turmoil in the US banking industry, with Bitcoin (BTC) falling 1.52% to $24,532 and Ethereum (ETH) dropping below $1,700. Other top cryptocurrencies were also trading lower, with Polygon and Solana falling over 7% and Dogecoin and Polkadot trading over 5% lower. The global cryptocurrency market cap was trading lower around $1.07tn, falling 2.71% in the last 24 hours. The total volume in DeFi is currently 7.71 billion, making up 9.52% of the total crypto market 24-hour volume. The volume of all stablecoins is now $76.42bn, which is 94.36% of the total crypto market 24-hour volume. According to Rajagopal Menon, Vice President at WazirX, major market oscillators point to a neutral sentiment, with Bitcoin’s dominance currently at 44.28%, an increase of 0.53% over the day. Meanwhile, Shivam Thakral, CEO of BuyUcoin, warned that recent developments at Credit Suisse may negatively impact the global markets and “spoil the crypto party in the coming weeks”.
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