Cryptocurrencies are disappointing investors this week. After the beginning of the year with the return of the market and by and large, this week it is faltering and for the second consecutive day, all the prominent currencies are recording a decline. You can take solace in the fact that it is not just a slight decrease and there is no need to panic, at least for now. Bitcoin lost 2.02% of its value, to the level of $24,133.3 together with a market value of $467.12 billion.
The second largest currency, Ethereum, recorded a decrease almost identical to that of Bitcoin – 2.03%, which puts its value at $1,642.97 per unit, with a market capitalization of $201.79 billion. The market’s third coin, Binance Coin, posted a more moderate decline of 1.34% in value, bringing it to a market capitalization of $48.81 billion.
More in-
Cardano, the dark horse of the market in recent months, recorded the biggest drop of the day – 2.26%, which brings it to a price of $0.38 per unit with a market value of $13.42 billion. Elon Musk’s Ripple and Dogecoin recorded relatively small declines, with 0.29% and 0.97% respectively.