On Wednesday morning, major cryptos were trading in the red as the global crypto market cap slipped by 1.12% over the last 24 hours. Bitcoin lost 1.49%, while Ethereum fell 2.33%.
On 19 October, a majority of cryptocurrencies witnessed a drop in their prices. At the time of writing this article (1100 IST), Bitcoin was trading at $19,296.58, falling by 1.49 percent over the past day, while its nearest rival, Ethereum, slipped 2.33 percent and is presently trading at $1,305.24.
Altcoins witness a drop
Other popular cryptos like XRP, Cardano, Solana, Polkadot, etc. have been trading with cuts since the previous day. However, tokens like Polygon, Monero, and Uniswap gained today.
Since the past day, the global crypto market cap dropped 1.12 percent to $926.99 billion, while the total crypto market volume rose by 5.22 percent to $53.71 billion.
Presently, Bitcoin’s dominance is around 39.90 percent, followed by Ethereum’s 17.2 percent.
Meme coins were mixed
Meme coins showed mixed trends on Wednesday. While Dogecoin was up 0.12 percent, its rival, Shiba Inu, was down 2.79 percent.
Metaverse coins in red
Popular metaverse coins like Decentraland, The Sandbox, and Axie Infinity were in red, trading down by 3.38 percent, 3.89 percent, and 3.46 percent, respectively.
In the latest update, Meta Platforms, the Facebook parent, has joined the MPC Alliance, which focuses on cryptographic privacy and security. It must be noted that the said alliance constitutes 59 members, with heavyweights like Alibaba Group, Bolt Labs, and Bosch, etc.