Crypto Market Update
The cryptocurrency market experienced a downturn on Tuesday, with major altcoins plummeting after Bitcoin's dip from $115,800 to $110,280.
According to Coinmarketcap data, the top digital assets suffered significantly, with the CMC20 Index declining by 5.95% in the past 24 hours. The global crypto market capitalization also lost 3.90% in that timeframe, reaching $3.74 trillion.
Large-Cap Altcoins
This article explores the latest developments in large-cap altcoins, including Binance Coin (BNB), Solana (SOL), and Ripple's XRP.
- BNB dominated trends with its wild price fluctuation, dipping 10%.
- SOL tested the $200 mark.
- XRP gained traction after CME Group launched XRP and SOL options.
These updates come as investors continue to monitor the market's performance.
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Author's summary: Crypto market downturn affects major altcoins.