The global market cap is down by 1.50 per cent over the last 24 hours and is $895.90 billion as of 8: 00 AM IST, according to CoinMarketCap data.
The price of a digital currency is down by 1.62 per cent and is trading at $19,865.
The price of ether has fallen 2.49 per cent and is at $1,116 after falling down 2.49 per cent.
The USDT Tether showed a 0.01 per cent negative change over the last 24 hours.
TheUSDC stablecoins showed a 0.02 per cent negative change and maintained its peg at $1.
The XRP Ripple saw a decline of 1.19 per cent over the last 24 hours.
Doge coin fell by 3.69 per cent over the last 24 hours despite getting listed on FTX Japan.
The market cap for cryptocurrencies has fallen to $889 billion levels. The market cap was $3 trillion seven months ago at a new all-time high.
The Bank of England has called for stricter regulation of the market for cryptocurrencies because of the market crash.
The Celsius Network, which collapsed partially responsible for the crash, has paid another $40.8 million towards its Bitcoin loan. Their liquidation price has dropped to $2,722. Circle, the organisation that mints the USDC stablecoin, says they hold 80 per cent of their USDC reserves in US Treasury bills and 20 per cent in cash within the US banking system.
CNBC host and popular financial commentator Jim Cramer said that cryptocurrencies have no real value and NFTs are an awful asset.