• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
market bleeding
Sensei Inu Logo

Over $28 Billion Dumped in Crypto Market’s Largest Crash of The Year

Martin Young by Martin Young
5 years ago
in Cryptocurrency Market News, Market Wrap
Reading Time: 2 mins read

FOMO Moments

Crypto markets have been smashed; all currencies are in a world of pain.

A massive dump has shaved almost $25 billion dollars, or over 11%, off cryptocurrency markets in one day alone. This represents one of the largest crashes of the year and maintains the notion that Bitcoin and its brethren will fall time and time again before things ever pick up.

Bitcoin has fallen to its lowest level this year as over $700 was dumped in one big swoop around 12 hours ago. Smashing through $6,000 it fell to a yearly low of $5,545 before recovering to $5,650 dispelling all predictions that $6k was the bottom. Ethereum has also been smashed, dropping 13% to $178 and losing second place to XRP.

The top ten is in a world of pain with almost every altcoin losing double figures compared to yesterday. Bitcoin Cash has been the biggest loser with a dump of over 18% taking it to $427. All of the rest are down between 11 and 13 percent, with the exception of XRP which has “only” lost 9.5% to $0.46, gifting it Ethereum’s second place by market cap.

Equally massive losses have rocked the top twenty with Iota, Ethereum Classic and Zcash taking the biggest hits with over 15% dives. There have been no survivors and all cryptocurrencies in this group have lost double digits on the day.

There is only one obscure altcoin pumping on fomo right now and that is Nasdacoin which has surged 300% in the past 24 hours. There is nothing on its website to set NSD apart from any other altcoin but according to Coinmarketcap it has gone to the moon today. Only the stablecoins are in the green at the moment, some even making it over their dollar pegs. Smaller cap altcoins such as IOST, Stratis, HyperCash and Ravencoin have suffered the biggest losses, which is over 20%.

Total market capitalization has been smashed, dropping 11.5% in a single day down to a new yearly low of $181 billion and a record $28 billion loss. Markets have since pulled back to $185 billion which matches the last 2018 dip on September 12. As it stands cryptocurrency markets have lost 78% since January.

FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.

Tags: bearscrashcrypto marketsFOMOmarket dump
Tweet123Share196ShareSend
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Related Posts

Mixin network crypto hack

$200 Million In Crypto Lost As Mixin Network Comes Under Attack

21 mins ago
Cardano ADA ADAUSDT

Cardano Sees Spike In Development Activity, Can The Price Of ADA Follow?

2 hours ago
Ethereum

Ethereum Funding Rates Turn Deep Red, What Does It Mean?

3 hours ago
Ethereum

Number Of Ethereum Addresses Losing Money Just Reached A New All-Time High

4 hours ago
Bitcoin price

Crypto Analyst Says Prepare For 100% Increase In Bitcoin Price As Historical Pattern Forms

8 hours ago
Dogecoin

Will Dogecoin Bounce Back To $0.07? Here’s What To Watch For

9 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Everlodge (ELDG)’s Electrifying Presale: Stealing the...

    1 hour ago
  • Litecoin (LTC) and Chainlink (LINK) Holders Dive into...

    1 hour ago
  • Discover the Yesgo (YESGO) Listing on XT.COM and Launch on...

    2 hours ago
  • Ex-SEC Chief Optimistic About Bitcoin ETF Approval...

    6 hours ago
  • Bitcoin (BTC) Stays at $27K; Bullish Hints from Aave (AAVE)...

    7 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.