Bitcoin Plunges Below $22K, EOS Surges 7% – Crypto Market Cap Maintains $1 Trillion

The crypto market experienced a major crash on Friday, with Bitcoin plummeting to just under $22,000, its lowest price point since Valentine’s Day. The altcoins followed suit, with Ethereum dropping by $100 and Binance Coin trading beneath $300. However, some alts have seen gains, with Ripple’s XRP and EOS standing out with 3% and 7.3% increases respectively. Despite the market’s losses, the crypto market cap has managed to maintain the $1 trillion mark. The reasons for the crash remain unknown, but Bitcoin has since reclaimed some ground and trades at over $22,000. Its market capitalization is currently at $430 billion, and its dominance over the alts has slightly declined to 42%. The crypto market continues to be volatile, and the community is still speculating on the potential causes of the crash.