News Report
June 15, 2022

MPost Markets: Crypto prices continue to fall

Metaverse Markets' Review

Bitcoin prices continue to plummet, now trading at $21,218.09, the price has fallen by 5.32% since yesterday. Bitcoin is edging dangerously close to the $20k mark, with today’s lowest price of $20,178.38. Prices that low haven’t been seen since mid-2020, and it’s unclear whether the price drop is going to halt anytime soon.

Source: CoinGecko.

Ethereum’s ether is fairing even worse, now trading at $1,114.91. Today, ether is down by 7.59%, and the seven-day price fall has reached 37.81%.

Binance’s BNB is similarly in the red, down by 4.80%, while the prices of Cardano’s ADA and XRP have slid by 4.13% and 1.39%, respectively. Among the worst-fairing cryptocurrencies today, there are Nexo with a price fall of 10.76%, Waves down by 10.49%, and Monero XMR down by 9.27%. In fact, NEXO has seen troubles over the last three days, with a price drop of 40%. It is rumored that the sudden price drop may be linked to the NEXO’s exposure to Three Arrows Capital (3AC) which may be facing insolvency. However, NEXO denies any links to 3AC.

The global crypto market cap is $902.42B and has experienced a 4.37% fall in price over the last 24 hours. Similarly, the market cap of cryptocurrencies used for NFTs has decreased by 5.25%, with trading volume dropping by more than a third.

Most metaverse coins have also experienced some price falls. Decentraland’s MANA is down by 3.53%, Theta Network by 2.70%, The Sandbox’s SAND by 5.61%, and ApeCoin APE by 6.36%. Meanwhile, Metaverse Index MVI is down by 10.5%, understandable considering the recent price drops.

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Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

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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Karolina Gaszcz
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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