The scenes we are witnessing with cryptocurrencies is well beyond a dip, it’s a bloodbath. As Bitcoin, Ethereum, and other coins nose-dive.
Bitcoin has fallen by over $8,000 today alone as the Bears continue their siege on the market.
Over the night, the global cryptocurrency market capitalization recorded a loss of more than $350 billion.
Bitcoin’s weekly loss sits at 37.97% as at the time of writing. Not to mention the daily loss of 20.63%.
Ethereum and others follow the freefall path
Ethereum is performing even worse than Bitcoin; falling by over 42.45% in the last seven days and 26.78% in 24 hours.
Binance coin has shaved off almost 50% (48.80%) so far this week and 33.93% today.
Elon Musk-backed Doge fell by 25.68% this week and 29% today.
|Token||Last Seven days||24 hours|
|Cardano (ADA)||Dropped by 14.64%||Dropped by 27.72%|
|Ripple (XRP)||Dropped by 18.39%||Dropped by 26.23%|
|Litecoin (LTC)||Dropped by 44.80%||Dropped by 33.90%|