Crypto indices (unsplash photo)
The leading cryptocurrencies are coming out of this dramatic Shabbat with most of them posting only slight declines, very surprisingly considering the fact that just a few days ago rumors about FTX’s condition led to a dramatic drop, and now, after the Shabbat declaration of bankruptcy, the market reaction seems almost completely indifferent. According to the website CoinGecko, which tracks more than 13,000 digital currencies, they lost half a percent of their total value in the day after the dramatic statement, and the crypto market is now worth $890 billion, which is almost 18% less than the previous quarter.
Bitcoin and Ether, the two largest and oldest currencies in the market, surprised with slight increases, with the first registering a daily increase of about half a percent and the second more than a full percent, to prices of $16,926 and $1,274 and market values of $325 and $153 billion, respectively. In the weekly range both fell by at least 20%.
Binance Coin, the currency of the largest crypto exchange in the world whose founder pushed the snowball that led to the collapse of the competitor, recorded a slight decrease of almost half a percent on the day and a drop of almost 20% on the week, to a price of $284 per coin and a market value of $46.4 billion.
More in-
Ripple returned to seventh place in the table, below Binance’s dollar-linked currency, after a daily drop of 1.6% and a weekly drop of 26%, to a price of 37 cents and a market value of $18.7 billion.
Dogecoin, which is still unclear whether it will become a means of payment on Twitter, surprised with a daily jump of 10.5%, although in the weekly range it lost 26% of its value, to a price of only 9 cents and a market value of 12.15 billion dollars.
And in the tenth place there is a change, when Solana, Ether’s small competitor, collapses in the last two days by dozens of percent and deteriorates to only the 15th place, and Polygon enters the top ten, which decreased “only” by five percent in a day and 17% in a week.
Comments to the article(0):
Your response has been received and will be published subject to the system policy.
Thanks.
for a new comment
Your response was not sent due to a communication problem, please try again.
Return to comment