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IPFS News Link • Bitcoin

Crypto Market Values Nosedive Amid Global Market Meltdown, Widening Default Risks

• by Jamie Redman

The overall market valuation of all 10,000+ crypto-assets in existence has slid just below the $2 trillion handle, losing over 9% in value during the last 24 hours.

Crypto Economy Slips by 9% During the Last 24 Hours

Bitcoin (BTC) prices were above the $48K zone on Sunday, September 19, but the following day, BTC prices are much lower as the crypto asset dropped to a low of $42,660 per unit on Monday. BTC has shed 8.9% in value and the digital asset's market valuation is around $815 billion today. At the time of writing, a single BTC is swapping for just above $43K per coin.

The second-leading crypto asset, ethereum (ETH) has dropped 10.3% in value during the last day and each ether is exchanging hands for just above $3K per unit. ETH has an overall market valuation of around $355.4 billion on Monday.