Cryptocurrencylistings Markets: Cryptocurrency values dip after a quick overnight surge
Today we find ourselves under the red as cryptocurrency rates change direction once again this Wednesday.
Even though bitcoin managed to touch $32,000 briefly yesterday, it has unfortunately retreated to $31,603.99 today. This modest 0.43% decline over the past day might seem small, but it carries enough weight to unsettle traders who thrive on speculation.
Ethereum's ether has also dipped, down by 1.93%, with the current trading value at $1,937.13. Binance's BNB has seen a decrease of 1.61%, while Cardano has plummeted by 6.89%. XRP and Solana are down by 1.27% each. On a somewhat brighter note, Dogecoin (DOGE) and Polkadot (DOT) are seeing slight upswings of 0.65% and 0.59%, respectively.
Metaverse cryptocurrencies are also facing downward pressure today. Flow has dropped by 5.05%, ApeCoin (APE) by 3.96%, Decentraland's MANA by 4.18%, and Tezos (XTZ) by 0.66%. Nevertheless, it’s worth noting that not all NFT-related coins are performing poorly; Vivid Labs (VID) has surged by an impressive 44.67%, while Victoria VR and Aurory (AURY) have also seen gains of 30.45% and 23.14%, respectively.
It comes as no surprise that, in light of these widespread declines, the Metaverse Index (MVI) has taken a hit as well, currently trading at 6% lower than yesterday's figures, now standing at $54.36.
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