MPost Markets: Bitcoin price falls below the $30K mark

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Most cryptocurrencies have incurred further losses.

Bitcoin price has again slid under the $30K mark, now trading at $29,927.54, booking a 5.33% fall from yesterday. Ethereum’s ether is also doing worse, trading at $1,820.69, the price 6.11% lower than yesterday.

The prices of Binance’s BNB, Cardano’s ADA, and XRP have all slid by 5%-6% and most tokens experiencing a very similar price slump.

Solana SOL has done even worse, with a price fall of 11.58%. The Solana network experienced another outage that lasted over four hours. “Durable nonce instruction caused part of the network to consider the block is invalid, no consensus could be formed,” explained Solana Labs co-founder Anatoly Yakovenko. The feature has been disabled and a fix will be out as soon as possible. This outage has, unfortunately, affected SOL prices.

Solana 24-hour price change. Source: CoinGecko.

On the other hand, Waves is still doing well, with a 24-hour price increase of 8.96% and the weekly price increase of an impressive 89.88%.

All major metaverse cryptocurrencies are in the red. With BakeryToken BAKE taking the brunt of the fall, with an 18.61% drop in price, others aren’t doing that much better. Flow’s price has fallen by 6.74%, Decentraland’s MANA by 7.05%, ApeCoin APE by 9.10%, Tezos by 9.75%, The Sandbox’s SAND by 5.75%, and Axie Infinity’s AXS 11.32%.

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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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