Cryptocurrency market: Erosion of more than 70% of capital in 8 months
The capitalization of the cryptocurrency market was about 3 trillion in November last year, while today it has dropped to less than 1 trillion. The decline of Bitcoin and Etherium is also huge. Both currencies have lost more than 25-25% in one week.
New Delhi. The cryptocurrency market is seeing a sharp decline these days. Even on Tuesday, the market fell more than 10 percent in just one day, and with this decline, the cryptocurrency market cap began to fall below $ 1 trillion. Bitcoin and Ethereum have also given investors a big tweak. Both coins are going down, breaking their key levels.
As of 9:25 a.m. Indian time, the global crypto market cap fell 10.66 percent to $ 927.14 billion. If you compare November 10 last year, it is 70 percent less. As of November 10, 2021, that figure was about $ 3 trillion.
Bitcoin and
At the time of writing, Bitcoin (Bitcoin Price Today) is trading down 13.59 percent at $ 22,060.21, according to data from Ethereum's Coinmarketcap. In the last 7 days alone, it has declined by 25.48 per cent. Ethereum (Ethereum Price Today), the second-largest coin, fell 14.21 percent to $ 1,165.34 in the last 24 hours. Ethereum is down 33.67 percent in the last 7 days. Bitcoin's market dominance has risen to 45.1 percent, while Ethereum's is 15.1 percent.
According to Coinmarketcap, Mataxa, Maya Preferred (MAYP), and Enigma (ENGM) were among the three most rising coins in the last 24 hours. Metaxa rose 153.47%, Maya preferred 116.84% and ENGM 71.99%.
29-Sep-2024