Crypto On Thursday: Bitcoin Struggles To Hold $20,000 Price Level; ETH, SOL, MATIC Crash

The crypto market started on a bearish note Thursday as many of the major cryptocurrencies fell violently and are retesting their current support levels. However, Bitcoin, the world's biggest cryptocurrency, failed to retain price action above the $20,000 price level after reclaiming it for a brief moment.

The price of Bitcoin as of 1:15 am ET is 19,991 while the market dominance of the token is 42.88 percent. The market capitalization of BTC fell 1.28 percent in the last 24 hours and stands at $382 billion as per CoinMarketCap (CMC).

The biggest price crashes in the last 24 hours were seen in the cases of Ether (ETH) Solana (SOL).

Ether dropped 5.26 percent and as of 1:21 am ET is priced at $1088. The market dominance of the second-biggest cryptocurrency in the market stands at 14.84 while the market capitalization of the token is $132 billion after dropping by more than 5.2 percent in the last 24 hours.

Solana on the other hand dropped by more than 8.4 percent in the last 24 hours and as of 1:24 am ET, the price of 1 SOL is $32.45. The market dominance of the SOL token stands at 1.25 percent while the market capitalization stands at $11.123 billion. SOL is currently the ninth biggest cryptocurrency in the market.

Additionally, Polygon (MATIC) crashed over 10 percent in the last 24 hours, and as of 1:31 am ET, the price of 1 MATIC is $0.4757.

When it comes to the gainers in the market, Shiba Inu (SHIB) rose 1.1 percent in the last 24 hours while Uniswap (UNI) rose 2.18 percent in the same duration. The prices of SHIB and UNI as of 1:27 am ET stand at $0.00001018 and $5.01, respectively.