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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Disclaimer

Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

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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