SHIB Up While Bitcoin Drops Below $25,000, Lowest Since December 2020

Over the weekend, Bitcoin, Ethereum, and the other major cryptocurrencies all fell further, erasing some of the week’s gains.

According to CoinMarketCap, the worldwide crypto market cap has dropped to $1.03 trillion, a 7.5 percent loss in just 24 hours.

Bitcoin is down by more than 18% in the past seven days and has fallen below $25,000, its lowest point since December is 2020.

In Another news, $200M Bitcoin shorts have been liquidated in the past 24 hours.

On the other hand, Ether, the second largest cryptocurrency and the token linked to the Ethereum network, plummeted over 8% to $1,340, a 15-month low.

Meanwhile, the price of dogecoin was practically unchanged at $0.07 today, while Shiba Inu went up 0.2 percent to $0.000011.

The market capitalization of all cryptocurrencies is at $1.08 trillion, down more than 8% in the last 24 hours.

Other crypto prices’ today performance also tumbled as Stellar, Uniswap, XRP, Tron, Tether, Solana, Polkadot, Avalanche, Polygon, Chainlink, Terra Luna Classic, Cardano, Litecoin prices were trading with cuts of as much as 15% over the last 24 hours.

After a massive bull run in 2020 and 2021, the crypto market has been volatile all year, but the current Crypto Winter began in earnest in the first week of May, when major currencies plummeted alongside the stock market.