source The cryptocurrency market experienced significant volatility in the past few days, with Bitcoin dropping below $22000 for the first time since Valentine's Day. While the cause of the crash is still unknown, many alternative coins, or altcoins were also impacted. However, some, such as Ripple's XRP and EOS, have managed to make notable gains despite the market's turbulence.
Ethereum, the second largest cryptocurrency, lost around $100 in value in the past week, while Binance Coin is trading below $300. Despite this most larger-cap altcoins have beenrelatively stagnant in the past 24 hours, with some experiencing minor gains or insignificant losses.
Lido DAO's native token has seen the most significant daily decline with a 10% drop in value. In contrast, EOS has surged by 7.3% and is trading at $1.3, making it one of the few exceptions to the market's recent downturn.
Despite the losses, the crypto market's total capitalization has remained above $1 trillion having lost $60 billion in the past few days. Bitcoin's market capitalization is struggling at $430 billion, having recently reached $460 billion, while its dominance over the altcoins has declined slightly to 42%.
As the market continues to fluctuate, staying informed is crucial for investors. To keep up with the latest developments, users can sign up for a daily market recap to receive a summary of price action in the crypto markets.
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