Crypto market in the dump again!

The crypto market is the most volatile investor market. Hence, if it’s in the ‘green’ now, it might be in the ‘red’ a few minutes later. The crypto market had been rebounding for a few days. Moreover, a few hours ago, it was in the green, but now it is dipping again.

Major coins that declined

Bitcoin ($BTC), the largest cryptocurrency, has lost 1.75% and traded at $42,943 at 12:41 PM ET. The market capitalization stood at $812 billion, and the 24-hour trading volume was $46.9 billion. Earlier this week, Bitcoin price slid to below $40k. 

Ethereum ($ETH), the second-largest digital token, is also dipping after a hiatus from red. The coin lost 2.80% and traded at $3,280 at 12:41 PM ET. The market capitalization stood at $390 billion, and the 24-hour trading volume increased to $15.05 billion.

Binance Coin ($BNB) follows the same trend and is sliding into the dump. It lost 2.69% or $13.05 in its value. As of 12:41 PM ET, the coin was trading at $471, and its market capitalization stood at $78.5 billion.

Another major crypto, Solana ($SOL), dropped 1.15% and traded at $150.25 at 12:41 PM ET. The market capitalization stood at $46.85 billion, and the 24-hour trading volume was $2.03 billion. Meanwhile, HEX crypto was in green, defying the dump, it was valued at $0.22.

Polygon ($MATIC), the crypto that surged more than 11,000% last year, also saw a dip. The coin fell 3.5% and traded at $2.2 at 12:41 PM ET. The market capitalization stood at $16.6 billion, and the 24-hour trading volume was $1.56 billion.

Avalanche ($AVAX), lost 3.09%% and traded at $91.8 at 12:41 AM ET. The market capitalization stood at $22.4 billion, and the 24-hour trading volume was $762 million.

Cardano ($ADA), had fallen by 2% and traded at $1.24 at 12:14 PM ET. The market capitalization stood at $41.8 billion, and the 24-hour trading volume was $2.03 billion.

The meme-frenzy cryptocurrencies gained and trended extensively on Twitter this week. And the trend is similar for Dogecoin; it has gained 1.2% and traded at $0.16 at 12:41 PM ET. The coin saw a 10% rally yesterday. However, another meme coin Shiba Inu ($SHIB) has reversed its trend and is falling. As of 12:41 PM ET, the currency traded at $0.000000, losing 6%. 

Harmony ($ONE), the cryptocurrency under its blockchain that runs Ethereum applications, surged over 10% on Wednesday. Continuing its momentum, the Harmony crypto traded at $0.34, gaining 1.8% at 12:41 PM ET on Thursday. 

While most of the crypto was dipping, Monero ($XMR) soared 10% and traded at $217.3 as of 12:41 AM.

Related Posts