February 24, 4:40 pm
|Market Update: Top 10 Cryptos All Down In The Red Today|
The crypto was red on Wednesday night but took a nosedive on Thursday morning when it became clear that Russia was attacking Ukraine.
Yesterday, US stocks went into freefall as tensions in Ukraine continued to escalate. Five out of 10 cryptocurrencies experienced double-digit losses: Cardano more than 15%, Avalanche 14% Ethereum and BNB 12%. The sixth-highest valued coin by market capital, XRP, had fallen 11%.
The price of Bitcoin is down today, trading under $35,000 when writing these words. Outside top 10 coins, Dogecoin (down 15%), Polkadot, and Polygon have also lost significant value, with them falling over 14%.
Top Movers Of The Day
It's not just the top 20 cryptocurrencies that are struggling to keep their heads above water. Outside of this select group, 8% or less loss has been sustained by most other tokens on offer today. Chainlink is getting hit even harder - losing 17%. VeChain and AAVE lost almost 17%, while Theta Network, Enjin coin, Harmony, Looper, and Curve DAO Token dropped 19%.
Bitcoin dipped to two weeks low of $34,322 | Source: BTC/USD Chart on Tradingview.com
The group's biggest loser is Convex Finance, which shed almost a quarter of its value. The othe...
February 24, 9:39 am
|Crypto Markets Shed $200 Billion on Russia-Ukraine Conflict (Market Watc...|
After yesterday's brief recovery attempts, bitcoin nosedive once again following the conflict escalation between Russia and Ukraine and dumped to just over $34,000. Most altcoins suffered even more, with substantial double-digit losses evident from the majority.
Bitcoin Plummeted to a Monthly Low
All eyes are now on the rapidly escalating tension b...
January 22, 9:33 am
|Market Watch: Cryptocurrencies See Double-Digit Drops After Wall Street'...|
The bears continue to have complete control over the cryptocurrency market with numerous double-digit price losses from almost all assets. This comes just hours after the US stock market dumped in value again.
Bitcoin Dumps $8K in Two Days
It's safe to say that the primary cryptocurrency has seen better days. In fact, they weren't all that long ago...