Bitcoin plunges to $29,000, Ethereum falls

In the past 24 hours, the overall crypto market fell. Bitcoin reversed in a deep V-shaped reversal, falling to around $29,000 and then rising straight up, and now recovered to the support level of $32,000. Ethereum has a similar trend, breaking through $1,700 and then rebounding $200, but still not reaching $2,000. Other altcoins followed Bitcoin's trend, with Ripple falling 13% and Dogecoin falling nearly 6%, or $0.2.

The current total market value of the cryptocurrency market is $1,337,525,901,807, with a 24-hour trading volume of $341,559,217,334. Bitcoin accounts for 45.63% of the market. In the past 24 hours, 3 of the top 20 cryptocurrencies by market value rose, and 13 of the top 100 cryptocurrencies by market value rose. The top 3 gains were: Celo (16.29%), BitTorrent (12.65%), and Maker (7.14%). The top 3 losses were: Revain (-20.28%), Amp (-18.10%), and Kusama (-17.14%).

According to Bitcoin News, the current price of Bitcoin, which ranks first in cryptocurrency market value, is $32,553.53, with a total market value of $610.274 billion, up 1.05% in 24 hours.

According to Bitcoin News, Ethereum, the second largest cryptocurrency by market value, is currently priced at $1,904.67, with a total market value of $221.701 billion, down 1.2% in 24 hours.

According to Bitcoin News, XRP, which ranks sixth in cryptocurrency market value, is currently priced at $0.5806, with a total market value of $26.986 billion, down 12.57% in 24 hours.

According to BitTorrent, DOGE, which ranks 8th in cryptocurrency market value, is currently priced at $0.1915, with a total market value of $24.927 billion, down 12.57% in 24 hours.

In the past 24 hours, the top 10 cryptocurrencies in terms of trading volume among the top 100 cryptocurrencies by market value were: USDT (US$132.826 billion), BTC (US$69.667 billion), ETH (US$40.440 billion), DOGE (US$8.739 billion), XRP (US$7.839 billion), ADA (US$7.302 billion), BNB (US$6.089 billion), BUSD (US$5.408 billion), DOT (US$3.409 billion), and USDC (US$2.769 billion).