The cryptocurrency market experienced a downturn on Tuesday, with major altcoins plummeting after Bitcoin's dip from $115,800 to $110,280.
According to Coinmarketcap data, the top digital assets suffered significantly, with the CMC20 Index dropping 5.95% in the past 24 hours. The global crypto market capitalization also lost 3.90% in that timeframe, reaching $3.74 trillion.
BNB dominated the charts with its wild price fluctuations, while Solana and XRP gained traction after CME Group launched XRP and SOL options.
Specifically, BNB dipped 10%, and SOL tested the $200 mark. XRP ETFs also saw updates, although the details were not specified.
The CMC20 Index dipped by 5.95% in the past 24 hours, and the global crypto market capitalization lost 3.90% in that timeframe to $3.74 trillion.
Crypto market takes a hit as major altcoins plunge.