Bitcoin falls to two-week low, breaking $32,000 support, Ethereum drops below $2,000

In the past 24 hours, after China reiterated its crypto ban, the crypto market was panicked and Bitcoin fell to a two-week low, breaking the $32,000 support level to around $31,800, down more than 10% in the past 24 hours. Ethereum fell even more, with the price falling below $2,000 for the first time since May 23.

As Bitcoin sold off, altcoins suffered even more, with Dogecoin suffering the biggest drop among the top 100 coins by market cap, reaching nearly 30% and trading at $0.2. All coins except the privacy coin Pirate Chain and stablecoins fell.

The current total market value of the cryptocurrency market is US$1,360,236,212,984, with a 24-hour trading volume of US$273,795,506,562. Bitcoin accounts for 44.31% of the market.

According to Bitcoin News, the current price of Bitcoin, which ranks first in cryptocurrency market value, is $31,846.25, with a total market value of $602.788 billion, down 10.87% in 24 hours.

According to Bitcoin News, Ethereum, the second largest cryptocurrency by market value, is currently priced at $1,929.73, with a total market value of $224.589 billion, down 14.49% in 24 hours.

According to BitTorrent, the current price of BNB, which ranks fourth in cryptocurrency market value, is $289.89, with a total market value of $40.479 billion, down 14.44% in 24 hours.

According to BitTorrent, ADA, which ranks fifth in cryptocurrency market value, is currently priced at $1.25 with a total market value of $39.821 billion, down 14.15% in 24 hours.

According to Bitcoin News, XRP, the sixth-largest cryptocurrency by market value, is currently priced at $0.666861, with a total market value of $30.813 billion, down 13.89% in 24 hours.

In the past 24 hours, the top 10 cryptocurrencies in terms of trading volume among the top 100 cryptocurrencies by market value were: USDT (US$108.928 billion), BTC (US$56.058 billion), ETH (US$36.109 billion), DOGE (US$6.494 billion), XRP (US$5.325 billion), ADA (US$4.744 billion), BNB (US$4.016 billion), DOT (US$2.322 billion), USDC (US$2.084 billion), and UNI (US$597 million).