Cryptocurrencies Bitcoin and Ethereum have fallen sharply in just a day

Crypto industry analysts note that the flagship crypto asset BTC $56,215.23 Bitcoin -1.61% Market capitalization $1.11 trillion VOL. 24 hours $2.71 billion and the leading altcoin ETH $2,985.28 Ethereum -0.27% Market capitalization $358.84 billion VOL. 24 hours $1.5 billion are experiencing uncharacteristic volatility. If earlier a change in their exchange rate by tens of percent per day did not surprise the crypto community, now the growth or decline of quotes by more than 1−2% is considered an anomaly rather than a pattern. On the evening of October 3, both digital coins lost more than 3% of their value.

At the time of writing, bitcoin is trading at $ 27,396 with a market capitalization of $ 534.3 billion. Traders executed daily trading deals worth $ 11.4 billion, a drop of 37.22%. Bitcoin’s market share increased to 49.5 percent.

As for Ethereum, the virtual coin is trading at $ 1640. The total number of coins circulating on the market amounted to $ 197.2 billion. Daily trading transactions fell to $ 5.2 billion, a 31.5% drop. Cryptocurrency dominance in the market amounted to 18.2%.

It is worth noting that bitcoin and ether were among the most unprofitable cryptocurrencies in the top 20 over the past day. Only Bitcoin Cash (BCH) performed worse, as the value of the digital asset fell by 7.9% over the past 24 hours.

Market participants bought the crypto asset for an average of $ 234.99. The market capitalization amounted to $ 4.84 billion. BCH dropped to 16th place on the list of the best, passing Litecoin (LTC). Daily trading volumes amounted to $ 381.4 million.

Only one virtual coin among the top 20 showed growth — Polygon (MATIC). Its quotes increased by 0.4% per day and reached $ 0.563. The coin’s capitalization exceeded $ 5.24 billion.