Crypto on Tuesday: The market turns red

The crypto market turned bearish on Tuesday, with leading cryptocurrencies bitcoin (BTC) and ether (ETH) down 3% and 5.3%, respectively, as sellers take over the market action.

According to data from CoinMarketCap, BTC failed to sustain prices above $23,000, an area of ​​resistance, over the weekend and fell below $22,000 as a result. On the other hand, ETH tried to hold $1,500 and reclaimed $1,600 for a brief moment. However, it failed to scale higher and fell into the $1,400 price region.

As of 1:03 a.m. ET, the price of 1 BTC was $21,134, while 1 ETH was $1,427. Additionally, Bitcoin’s market dominance increased to 41.60%, while Ether’s declined to 17.9%.

The worst performers in the market include Polygon (MATIC), which fell 8% to $0.7639; Near Protocol (NEAR), which fell 9% to $3.74; Bitcoin Cash (BCH), down 8.36% to $116.6; and Curve Dao Token (CRV), which fell 11% to $1.18 as of 1:07 a.m. ET.

Other popular tokens that have crashed include Ripple (XRP), which fell 3% to $0.335; Cardano (ADA) down 4.6% to $0.4718; Solana (SOL), which fell 6% to $36; and Polkadot (DOT), which was down 5.5% at $6.7 as of 1:09 p.m. ET.

Top performers include OKB (OKB), which rose 2.3% to 14.84%; Hive (HIVE), which is up 24% at $0.5616; Celsius (CEL), up 0.88% to $0.8911; and SushiSwap (SUSHI), which is up 4.86% to $1.35.


Bitcoin has plummeted in value by 65 percent since hitting a record high of $68,991.85 in November
Bitcoin has plummeted in value by 65 percent since hitting a record high of $68,991.85 in November
Photo: AFP / Armend NIMANI

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Fry Electronics Team

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