The bears took over the cryptocurrency market as bitcoin dropped below $33,000, while ether dumped beneath $2,000 for the first time in over two weeks.
While bitcoin has added $2,000 in the past 24 hours, several DeFi coins, including UNI, Aave, SNX, and COMP, have charted impressive double-digit gains.
Dogecoin and Cardano have charted the most significant gains in the past 24 hours, while bitcoin fails to continue higher as it's stuck around $33,000.
Bitcoin's price headed south again to a low of just over $37,000 as on-chain data suggests that whales have started to sell off some of their holdings.
With bitcoin surging to $39,000 in the past 24 hours and most alts deep in green, the crypto market cap has exceeded $1.7T for the first time since Friday.
PayPal's revenue surpassed expectations at over $6 billion in Q1 2021 and the firm's CEO said the results were impacted by the addition of cryptocurrencies.
Although BTC's market cap reclaimed $1 trillion as the asset is close to $55,000, bitcoin's market dominance continues to fade away to a new 3-year low.
XRP spikes by 20% to a new 3-year high at almost $2 as CoinShares announced the launch of an exchange-traded product following the asset's performance.
Conquering $60,000 is not an easy task proved the past 24 hours as BTC dropped below it again, while XLM has entered the top 10 after a 25% daily surge.
Days of records in the crypto space with the total market cap at nearly $2.1 trillion as bitcoin exploded above $60,000, while ETH and BNB painted new ATHs.
