Cryptocurrency Prices Today Crash: The cryptocurrency market saw a big drop today. Today on Thursday, bitcoin fell to its lowest price since January 2021. The price of Bitcoin, the world’s largest and most popular cryptocurrency, fell more than 12% to $27,817.22. According to CoinGecko, the value of the Globar crypto market today fell by almost 16.1% in the last 24 hours to $1.24 trillion.
Biggest fall in Terra
The crypto token named Terra was down 94% today. Terra Token has lost 32% in the last 1 hour. At the same time, the Shiba Inu token saw a decline of 33.18% in the last 24 hours. Not only this, the world’s second largest cryptocurrency, Ethereum, is down 21.8%. Cardano is broken up to 32%. At the same time, Solana broke down by 34%. Dogecoin also has a big drop. The price of Dogecoin is down by 29.9% today.
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What are the experts saying?
Edul Patel, Co-Founder and CEO of Mudrex, said, “Bitcoin has fallen below $28,000, which is the biggest drop so far. The fall of the stablecoin UST has affected the crypto market to a large extent as most of the investors and institutions have invested in it. Although BTC has had several crashes before, it bounced back quickly. This time too BTC is likely to break below the current level.