New Delhi: Bitcoin, Ether, and other cryptocurrencies witnessed a sell-off today with Bitcoin falling 8% to trade below the $34,000 level where other coins like ether and dogecoin also plunged in the last 24 hours.
The market remained volatile after China’s largest social media platform Weibo had banned a dozen popular crypto-related accounts. Earlier, the crypto market lost $460 billion in 24 hours as China’s central bank moved against crypto companies.
More actions are expected, including linking illegal crypto activities in China more directly with the country’s criminal law, according to analysts and a financial regulator.
The global cryptocurrency market cap is $1.54 trillion, a 7.46 percent decrease over the last day, while the total crypto market volume over the last 24 hours is $102.17 billion, which makes a 28.13 percent increase.
The volume of all stable coins is now $81.97 billion, which is 80.23 percent of the total crypto market 24-hour volume.
Bitcoin, the largest cryptocurrency declined by 8.5% in the last 24 hours to $33,737.72 where Ethereum also fell 6.42% in the last 24 hours.
Take a look at the top cryptocurrencies and their prices on June 8 (data from coinmarketcap.com):
| 1 | Bitcoin BTC | $33,675.70 | 7.44% | 9.70% | $631,277,015,257 | $35,637,873,440 |
| 2 | Ethereum ETH | $2,600.33 | 6.43% | 2.69% | $301,834,924,369 | $31,458,455,963 |
| 3 | Tether USDT | $1.00 | 0.01% | 0.03% | $62,319,583,935 | $73,104,009,582 |
| 4 | Binance Coin BNB | $361.48 | 10.07% | 2.12% | $55,450,318,052 | $3,065,867,151 |
| 5 | Cardano ADA | $1.57 | 7.65% | 8.80% | $50,133,533,170 | $2,790,815,046 |
| 6 | Dogecoin DOGE | $0.335 | 9.88% | 0.87% | $43,525,876,353 | $3,248,956,474 |
| 7 | XRP XRP | $0.8639 | 10.51% | 18.36% | $39,858,406,821 | $3,498,298,745 |
| 8 | USD Coin USDC | $1.00 | 0.01% | 0.01% | $23,065,555,340 | $2,000,438,507 |
| 9 | Polkadot DOT | $21.80 | 12.56% | 3.35% | $20,651,029,130 | $1,968,870,836 |
| 10 | Uniswap UNI | $24.18 | 8.18% | 12.99% | $13,652,375,740 | $493,611,281 |
