![[뉴욕 코인시황/출발] Bitcoin, Ethereum drop sharply … SEC trial interest XRP rises](https://www.blockmedia.co.kr/wp-content/uploads/2021/02/1-bitcoin-image-2-13.jpg "[뉴욕 코인시황/출발] Bitcoin, Ethereum drop sharply … SEC trial interest XRP rises")
Eight of the top 10 stocks fell, and 87 of the top 100 had green lights indicating an increase.
According to CoinMarketCap, the price of bitcoin was $52,973.06 as of 9 am New York time, down 7.14% from the previous 24 hours.
Ethereum declined 9.37%, Binance Coin 12.98%, Polkadot 9.85%, Cardano 13.61%, Litecoin 9.23%, and XRP price rose 6.78%.
At this time, the market capitalization of the cryptocurrency market was $1.609 trillion, and the share of Bitcoin was 61.6%.
Source: Coin Market Cap (as of February 22nd, New York time at 9am)
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The Chicago Merchandise Exchange (CME) bitcoin futures price also started lower. February, which is the most actively traded, fell by $2535 to $52995, while the March fell by $2615 to $53,980, and April fell by $2210 to $55,375.
The Ethereum futures price fell by $188.00 in February to $1772.75, and in March, down $161.50 to $1829.75, and in April by $185.50 to $1860.00.
In the cryptocurrency market, while Bitcoin and Ethereum were leading the overall decline in the market, most of the stocks that had recently surged in price, such as Binance Coin, fell sharply.
Bitcoin is falling from the 53,000 dollar level, and its trading volume is around $65 billion.
Ethereum continued to decline after being pushed below $1,800, while Binance Coin, which continued to surge, dropped more than 10% in price.
While most of the major stocks fell sharply, the XRP price rose amid interest in the legal dispute between the Securities and Exchange Commission (SEC) and Ripple.
Bitcoin fell more than $5,000 in a short period of time, leading to a decline in market capitalization of over $90 billion, leading the overall market decline.
According to Cryptopotato, this sharp decline in Bitcoin has led to the liquidation of $1.5 billion long and short positions in the cryptocurrency market in the last 24 hours.
According to You2day, while many of the major stocks such as Bitcoin fell sharply, Ethereum continued to decline around 10%, retreating to the mid-1700s. The liquidation of Ethereum surged on major exchanges, resulting in liquidation of $340 million worth of long positions in the day before.
In response, cryptocurrency analyst and trader Collin Wu predicted that the recent rally seems to be preparing for the next step by increasing their stake in Ethereum 2.0.
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