The cryptocurrency prices plunged over the past 24 hours due to a jump in profit booking activity. The global crypto market cap dropped to $2.28 trillion, a 3.40 percent decrease over the last day. The total cryptocurrency market volume over the last 24 hours is $105.34 billion, which makes a 2.96 percent increase.
Bitcoin, the world’s most popular cryptocurrency, fell below $50,000 to touch a fresh 3-day low.
It was trading at $48,200 or 2.73 per cent lower than its price 24 hours ago at 12:10 pm.
Meanwhile, Ether also fell sharply as it traded at $4,115 or nearly 6 per cent lower than its price 24 hours ago. Ether’s market capitalisation was down to $483 billion and the 24-hour trade volume was $1.34 billion.