TL;DR Breakdown
- Bitcoin is bearish by more than 3%
- The cryptocurrency faces a downturn of 5%.
- Ethereum hits below $3000
- ShibaDoge loses more than 14% of its value
During the pandemic, Bitcoin and other cryptocurrencies grew a lot. It saw a lot of wild changes and a lot of market volatility. Even though there have been a lot of ups and downs, the main crypto asset, Bitcoin, has stayed above $20,000 per coin a lot of the time and has also gone much higher. There have been times when the value of the cryptocurrency went up by 300%.
Cryptocurrency’s peak may have passed, but it’s feasible that the sector still has a lot of room for growth. Cryptocurrencies previously had the potential to upend the whole financial system, and we know that for sure today. For the foreseeable future, you can expect to hear a lot more about cryptocurrency, or at least from its most ardent supporters.
Bitcoin is bearish by more than 3%
In order to keep people from giving up on Bitcoin, it has to keep growing. In the past, this problem was caused by the rapid decline in the market’s price. Stability in the market is mostly dependent on bitcoin, and if it does, so will the market. Bitcoin is bearish by 3.74% with a market value of $42,097.
There has been a 3.74 percent decrease in the price of bitcoin in the last hours. Bitcoin’s market cap has surpassed $797,999,922,544 as of this writing. Bitcoin’s trading volume in the last 24 hours is expected to reach $ 23,189,237,754..
Ethereum hits below $3000
Ethereum has seen losses comparable to those experienced during the previous market crisis, with a gain of 5.58 percent during the last seven days. Within the previous 24 hours, Ethereum has had a 7.12 percent decrease in value, making it a somewhat depressive moment to invest in it.
According to the most recent data, the market capitalization of Ethereum is around $344,659,434,214. Its current price is around $2,883. The trading value in the last 24 hours is projected to be $13,977,847,554.
ShibDoge loses more than 14% of its value.
ShibaDoge is in the negative limelight and has lost substantial market value during the previous 24 hours. It lost more than 14 percent in the previous 24 hours, according to statistics. This currency is currently trading in the $4.27e-16.
Simultaneously, its trading volume for the previous 24 hours is projected to be $2,018,723 which is almost half in value than last it was last week.
Solana plunges below $100
In an attempt to recover its losses and redirect its trajectory in a positive direction, Solana has made every effort. It has been effective in minimizing its losses, but it has not been successful in reversing its direction.
The data for the preceding seven days shows a loss of more than 17% percent, which represents a significant decrease in the price. In the present market, it is projected that Solana will trade at $75, a value that has been severely influenced by the recent market decline. According to the latest data, Solana’s market capitalization is presently projected to be $30,397,615,784, according to the latest data.
Final Thoughts
Bitcoin and Ethereum, among other cryptocurrencies, have shown themselves to be very durable. Digital currencies have seen a surge in popularity among retail and institutional investors alike in the last few months. It has been a while since the “cryptocurrency fever” burst onto the scene, leaving behind a smaller number of HODL-ers who have stayed true to their beliefs. The bitcoin business still has a lot of life remaining in it.
