Data from crypto market intelligence platform Kaiko suggests that XRP was the best performer among the top 10 altcoins by market size on Coinbase during the recent decline.
Except for XRP, the average trade size for all identified altcoins is below $400, Kaiko said.
A screenshot of the 7-day moving average of all listed cryptocurrencies shows that XRP’s average trade size is higher than it was at the time of the Ripple vs. SEC case ruling.
Bitcoin has led the cryptocurrency market’s price plunge over the past 72 hours, losing about 8.7% of its value, according to TradingView.
The drop sent bitcoin prices below key support levels, retesting recent lows of $25,350.
Ethereum experienced a similar situation, losing 7.36% of its value during the crash. ETH also broke below a key support level before finding a local bottom at $1,602.