Cryptocurrencylistings Markets: Cryptocurrencies take a hit; Bitcoin's value dips to $22,802
The recent surge in cryptocurrency valuations had to taper off eventually, and it seems we've hit that point today. Despite the current downturn, the price charts over the past week still reflect remarkable gains.
Although Bitcoin had shown resilience over the preceding days, it has now experienced a 4.12% decline, currently trading at $22,802.60. Similarly, Ethereum's Ether has taken a hit as well, dropping 5.88% in the last 24 hours and now priced at $1,507.51. Nonetheless, this still represents almost a 40% increase compared to the price from the previous week.
In comparison, Binance's BNB is down a modest 3.20%, while the likes of XRP, Cardano's ADA, and Solana SOL have suffered more significant setbacks with reductions of 5.52%, 8.40%, and 7.70%, respectively. Lido DAO, which surged by an impressive 87.71% over the last week, has now witnessed the steepest drop at 19.19%. TerraClassicUSD isn't far behind, dropping by 13.09%, though the fluctuations of this stablecoin are hardly surprising at this point. Additionally, Waves, STEPN GMT, Convex Finance CVX, and Elrond EGLD have all seen about a 10% loss in their values.
The NFT market isn't without its struggles either. Flow has decreased by 7.38%, and ApeCoin APE has lost 9.03% of its price. Meanwhile, The Sandbox's SAND and Decentraland's MANA have seen slight declines of 1.54% and 5.86%, respectively. XMON, Vivid Labs VID, and Dego Finance DEGO have faced even harsher drops, losing 18.91%, 15.61%, and 15.23%.
That said, a few metaverse coins are still showing positive trends—SwftCoin SWFTC is shining with a 20.45% increase, and Star Atlas ATLAS has also gained momentum with a respectable increase of 12.20%.
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