Bitcoin, Ethereum, Solana Drop Upto 12.7%

As we know that upside down in cryptocurrency is like a daily routine of the market. If the market was moving upward yesterday so, it could fall down later. Maybe, something like this is happening in the market these days. As of February 4, the market is rapidly dropping down. If we talk about the current situation of the crypto market so, the global crypto market capitalization is $1.68 USD and there was a dip of 5.55% in the last 24 hours. It seems that the market is dropping down rapidly due to several reasons.

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The total crypto market volume is $73.15 billion which makes about a 19.56% raise in the market in the last 24 hours. While the total volume in DeFi is currently $11.67 billion which is 15.96% of the total crypto market 24 hours volume. The volume of all stable coins is now $57.07 billion which is 78.01% of the total crypto market 24 hours volume. All the information was analyzed while writing this one. There was a good raise in the market but suddenly, the big deep can get to see in the market. Well, Bitcoin and Ethereum are also facing a plunge recently. Here are some topmost cryptocurrencies in the market.

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While writing this, Bitcoin (BTC) is currently trading at $36,637 USD with a trading volume of $21,706,960,295.20 USD and the price of the coin was changed by 4.88% in the last 24 hours. In INR, the price of BTC is Rs. 27,45,689 which has been dropped by 0.63%. On the other side, the Eth price is Rs. 2,33,609. It seems that the market is rapidly dropping down. Tether, BNB, USD Coin, Cardano, Solana, XRP, Terra, and Polkadot is also dropping up to 15% in the last 24 hours. As we know that these are the most popular crypto coins of the market.

If we talk about the news related to cryptocurrency so, Australian businessman, Andrew Forrest filed a lawsuit against Meta Inc. Platform. Due to the lawsuit, the Meta platform is down more than 20% today. The businessman stated that his images had been used since March 2019 in the scam advertisement schemes.

A protocol named Wormhole allows users to move their tokens and NFTs between Solana and Ethereum. The platform has confirmed that it suffered an exploit of 120,000 Wrapped Ethereum, which is worth over $320 million. Also, India is now moving to Cryptocurrency after allowing the Indians to invest in digital assets with a 30% tax on profits.