crypto price today: Crypto Price Today: Bitcoin, Ethereum, Ripple,Terra Classic fall up to 10%

The top cryptocurrencies were trading lower on Thursday, with the global cryptocurrency market cap dropping 0.48% to $920.23 billion in the last 24 hours. Also, the total trading volume declined 15% to $45.20 billion.

Earlier in the day, Bitcoin fell below $19,000, with a cut of 1.5%. Also, Ripple, Solana, Cardano and Terra Classic dropped up to over 10%.

The losses came in as investors were worried over the new housing data as well as ongoing macroeconomic uncertainty.

Global Updates
Big Eyes (BIG) is a new cryptocurrency with the capacity to heavily impact the crypto economy, just like The Sandbox (SAND) and Nexo (NEXO). With the project’s aim of a revolution in the cryptocurrency market, many crypto enthusiasts have been keying into its ecosystem.

The US arm of crypto trading giant FTX will begin conducting its own analysis to determine whether assets are securities before listing them, founder Sam Bankman-Fried said in a blog post published on Wednesday.

JPMorgan Chase & Co. has hired a new head of digital assets regulatory policy, less than a month after CEO Jamie Dimon told lawmakers that cryptocurrencies are “decentralized Ponzi schemes.”

South Africa’s financial watchdog has classified cryptocurrency assets as financial products, a notice in the government gazette said on Wednesday, enabling them to be regulated.