The crypto market is crashing for a second time in September

Sep 21, 2021

By: BI India Bureau

The crypto market is in a nosedive

The fear is that China’s Evergrande crisis could spark a prolonged global rout

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And cryptocurrencies aren’t the only ones affected...

There is a general shift away from risk assets in the market

Credit: Business Insider India

Bitcoin, Ethereum, Cardano and all other cryptocurrencies in the top 10 are in the red today

The overall market is down by nearly 10 percent, its market cap now at $1.91 trillion

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Bitcoin is at lows of $42,000

The cryptocurrency has dipped by over 7 percent in the last 24 hours

Credit: Business Insider India

“The BTC dip isn’t extreme, your emotional reaction to it shouldn’t be extreme either,”

said analyst Rekt Capital on Twitter

Credit: Business Insider India

Others are calling it a ‘nuke’ event

Credit: Business Insider India

Ethereum is similarly in the red at $2,976

The cryptocurrency has plummeted by nearly 7 percent since yesterday

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Cardano is at $2.07

Having risen to being the third biggest cryptocurrency in the market this year, it has lost nearly 5 percent of its value in the last 24 hours

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Binance Coin has not been spared either, trading at $359.89

The token has booked losses of 8.26 percent since yesterday

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XRP, currently facing regulatory scrutiny in the US, is down nearly 6 percent

Its value has dipped below the $1 threshold to $0.94

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Solana is priced at $127.50

The ‘Ethereum Killer’ was not able to buck the trend and has fallen by nearly 5 percent in the last 24 hours

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Polkadot is valued at $28.81

The blockchain saw is fortunes rise this past week, but gains have mostly been wiped out with it dropping by nearly 9 percent in the last 24 hours

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Dogecoin is on the cusp of dropping out of the top 10

The 7.5 percent hit in the last 24 hours has the cryptocurrency trading at $0.2068

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Disclaimer

These are top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of September 21, 11 am IST and may change over the course of the day

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