MPost Market: Bitcoin is edging towards a $20k floor

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With crypto winter still raging on, most cryptocurrencies have experienced small price decreases over the last 24 hours.

Bitcoin is down by 2.70% since yesterday and has experienced a 30.33% fall over the last seven days. The coin is now trading at $20,636.72 and is slowly edging towards the $20k mark.

Bitcoin chart. Source: CoinGecko.

The price of Ethereum’s ether has also slid by 3.63% and is now $1,077.67. Other popular cryptocurrencies are not doing much better, the price of Binance’s BNB has fallen by 0.76%, Cardano’s ADA is down by 2.15%, and Solana SOL by 1.93%. On the other hand, XRP has regained some of its value and is up by 1.85%.

Decentraland’s MANA has surpassed the Flow market cap and has become the most popular cryptocurrency used for collectibles and NFTs. While MANA is up by 1.92%, the price of Flow is constantly in the red and has slid by another 4.19% over the last 24h. Tezos XTR, Theta Network THETA, and ApeCoin APE are similarly in the green, experiencing a price hike of 2.32%, 4.97%, and 0.33%, respectively. The Sandbox’s SAND, unfortunately, has seen an insignificant price fall of 0.32%.

There have been some major price increases in the metaverse cryptos. InSure DeFi is up by an impressive 26.63%, while Vivid Labs VID and LooksRare LOOKS are up by 20.69% and 17.03%, respectively.

Metaverse Index MVI is down again, trading at 0.5% below yesterday’s price, and is now $34.73.

MVI chart. Source: CoinGecko.

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Karolina Gaszcz

Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.

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