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Bitcoin Tanks Below USD 8,000, Only 4 Cryptos Among Top 100 in Green

The crypto market dropped on Tuesday night (UTC time) suddenly, losing almost 8.55% of its value.

Source: iStock/hocus-focus

The average price of bitcoin almost touched USD 7,900 before recovering above USD 8,000. However, at pixel time (04:00 UTC), the most popular cryptocurrency trades below USD 8,000 again. Its price stands at around USD 7,986, or 8% less than 24 hours ago.

Bitcoin price chart:

Source: coinpaprika.com

Other coins from the top 10 are down around 7%-12%, while bitcoin sv fluctuates among the red and green zones and is the only coin that kept its weekly gains.

Top 10 coins by market capitalization.

Source: coinpaprika.com

Among the top 100 tokens by market capitalization, only Aurora, Metaverse ETP, Zlliqa and Cosmos are in green, registering 2%-5% gains.

The total market capitalization stands at USD 253.9 billion and is down by 8.55%, while bitcoin dominance, or the percentage of the total market capitalization, remained almost unchanged at 55%.