Cryptocurrencylistings Markets: Cryptocurrency values are on a downward trend.
Bitcoin prices are dramatically decreasing, trading now at $21,218.09, which represents a 5.32% drop since yesterday. The coin is hovering just above the $20k mark, with the lowest price today being $20,178.38—a level not seen since mid-2020. It's uncertain whether this downward trend will reverse anytime soon.
Ethereum's ether is experiencing an even steeper decline, currently at $1,114.91. Today alone, ether has decreased by 7.59%, and over the past week, it has plummeted by 37.81%.
BNB from Binance is also struggling, down by 4.80%, while Cardano's ADA and XRP have dipped by 4.13% and 1.39% respectively. Among the most affected cryptocurrencies today are Nexo, which faced a drastic drop of 10.76%, followed closely by Waves at 10.49% and Monero XMR at 9.27%. Notably, NEXO has been hit particularly hard over the last three days, suffering a staggering 40% loss. There's speculation that this sharp decline could be related to NEXO's financial ties with Three Arrows Capital (3AC), which appears to be on the brink of insolvency. Nonetheless, NEXO has denied any connections to 3AC. rumored The total market capitalization of the global crypto sector stands at $902.42 billion, having seen a 4.37% decrease in value in the last 24 hours. Similarly, the market cap for cryptocurrencies tied to NFTs has dropped by 5.25%, with trading volumes plummeting by over a third.
Many metaverse tokens have also taken a hit. Decentraland's MANA is down 3.53%, Theta Network by 2.70%, The Sandbox's SAND has dropped by 5.61%, and ApeCoin APE is down 6.36%. Additionally, the Metaverse Index MVI fell by 10.5%, which is understandable given the current market downturn.
Cryptocurrencylistings Markets: While some coins are seeing gains, the price of Bitcoin is still on a downward trajectory.
Read related posts:
- Cryptocurrencylistings Markets: Bitcoin continues its downward spiral.
- Cryptocurrencylistings Markets: Bitcoin has fallen below the critical $30,000 level.
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Disclaimer
In line with the Trust Project guidelines Karolina is a passionate writer and journalist with a background in literary studies. She has a keen interest in innovative technology and art, finding that NFTs often serve as a beautiful blend of the two. Outside of her professional pursuits, she's an avid plant enthusiast, a vintage fashion lover, and an enthusiastic gamer.
