Bitcoin (BTC) price dropped below $87,000, down from the intraday high of $89,000. Similarly, Binance Coin (BNB), Dogecoin (DOGE), and Canton dropped by over 3% in the last 24 hours.
Ethereum (ETH) token declined to a low of $2,900, much lower than the year-to-date high of $4,960. This drop has coincided with the broader industry's performance.
Binance Coin price has dropped by 40% from its highest point this year and is at risk of forming a death cross pattern that will lead to more downside.Β
Ripple (XRP) token dropped to $1.8800, its lowest level since Dec. 19, and ~50% below its highest point this year. This decline mirrored the performance of Bitcoin (BTC) and other altcoins.
Solana (SOL) token was trading at $124.50, and could be at risk of more downside after forming bearish chart patterns on the daily chart. Some of its most important metrics have also dropped in the past few weeks.Β
A crypto crash is underway today, Dec. 23, with Bitcoin and most altcoins being in the red, and the market capitalization of all coins falling by 2.45% to $2.95 trillion.Β