The Daily Crypto: Stock Market Bankruptcy Drops Coins

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Despite what appeared yesterday (Saturday night) to be indifference to the bankruptcy filing of the crypto exchange FTX, today it seems that investors in the digital currencies are still scared, and the result is a day of declines in all the leading coins, which according to the website CoinGecko, which tracks more than 13,000 coins, led to a decline of 1.6% per day and 20.1% per week in total values, to only 870 billion dollars.

Bitcoin fell by a daily rate of 1.3% and a weekly rate of 21.9%, to a price of $16,621 per coin and a market value of $319 billion.

Ether fell at even higher rates, of 2% per day and almost 24% per week, to a price of $1,239 per coin and a market value of $149 billion.

Binance Coin fell at a relatively moderate rate of slightly less than one percent per day, but in the weekly period it also lost almost a fifth of its value, to a price of $281 per coin and a market value of $45.8 billion.

Ripple plunged at a daily rate of 5.7%, and in the last week erased more than 28%, to a price of 35 cents per coin and a market value of less than 18 billion dollars.

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Dogecoin also recorded sharp declines, at a daily rate of 5.3% and a weekly rate of more than 29% – the sharpest drop in the top ten – to a price of just under 9 cents per coin and a market value of 12 billion dollars.

Cardano recorded a decrease of 3.6% per day and 22% per week, to a price of 33 cents per coin and a market value of 11.7 billion dollars.

And Polygon, which entered the top ten at the end of the week after Solana’s dive, also drops by 7.5% in a day and almost 25% in a week, to a price of 39 cents per coin and a market value of 7.9 billion dollars. However, the next coin on the list, Polka-Dot, which was also until recently in the top ten, is still worth a billion dollars less than it, so the battle for the tenth place is not very close at the moment.

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