SUMMARY
Cryptocurrencies extended losses on Thursday, reversing gains from previous session amid Credit Cuisse worries. The global crypto market cap stood at $1.07 trillion, with a volume of $81.1 billion in the past 24 hours.
1 / 8
Bitcoin | The world's largest and most popular virtual currency, Bitcoin, fell one percent to $24,462.5. Its market value stood at $473.9 billion. The trade volume was at $42.1 billion.
2 / 8"Bitcoin trades at the $24,000 level with a slight decline in the price over the previous day as the market debates liquidity. Investors also weighed a potential European banking meltdown triggered by concerns about the often-embattled Credit Suisse. Even though BTC dropped to $23,000 yesterday, it regained its position at the $24,000 level," said Edul Patel, CEO and Co-Founder of Mudrex.
3 / 8Ethereum | The second largest virtual currency, Ethererum or Ether, fell 3.1 percent to $1,647.2 with a market capitalisation of $202.4 billion. The trade volume of Ethereum was $12.4 billion in the last 24 hours.
4 / 8Dogecoin | Meme-based virtual currency, Dogecoin, slipped 6.8 percent on Thursday. Its market value stood at almost $9.3 billion. The trade volume was at $515.9 million.
5 / 8Solana | Solana slumped 8.8 percent to $19.3 with a market capitalisation of $7.4 billion. The trade volume of Solana was $786.5 million in the last 24 hours.
6 / 8Shiba Inu | Shiba Inu slided 7.9 percent with a market capitalisation of $6.1 billion. The trade volume was $390.1 million in the last 24 hours.
7 / 8Polygon | Polygon slid 7.6 percent to $1.1 with a market capitalisation of $9.8 billion. The trade volume was $752.2 million in the last 24 hours.
8 / 8"The collapse of Silvergate and Silicon Valley banks has put the focus back on decentralised finance as a measure to protect user funds. However, the latest developments at Credit Suisse may spook the global markets and spoil the crypto party in the coming weeks," said Shivam Thakral, CEO of BuyUcoin.
