MPost Markets: Crypto winter continues; prices are down
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Cryptocurrency prices are falling again.
Bitcoin is back in the red. Having fallen as low as $20,045.63, it has remained just above the $20 mark and is now trading at $20,206.22, 4.19% below yesterday’s price.
Other major cryptocurrencies aren’t doing much better. Ethereum’s ether is down by 6.01% and is now $1,079.21. Meanwhile, the price of Binance’s BNB has fallen by 3.52%, Cardano’s ADA by 6.26%, XRP by 2.30%, and Solana SOL by 6.42%. However, the prices of some cryptos are still on the rise, with Waves up by 11.77%, Uniswap UNI up by 11.87, and Shiba Inu SHIB up by 6.66%.
Similarly, the prices of metaverse cryptocurrencies have fallen, with the market cap falling by 4.93%. Metaverse cryptocurrencies have also seen a significant drop in trading volume, which plummeted by 16.06%.
Flow, again the first metaverse cryptocurrency by market cap, is down by 1.87%. Other NFT-related cryptos are doing even worse, with Decentraland’s MANA down by 6.58%, Theta Network by 7.00%, ApeCoin by 10.35, and Tezos XTZ by 8.21%. While most metaverse cryptocurrencies are in the red, LABEL Foundation LBL is up by 27.01%, while the price of Circuits of Value COVAL has increased by 9.17%.
As most NFT-related cryptos are down, it’s no surprise the price of Metaverse Index MVI has also decreased. It’s trading 7.07% under yesterday’s price.
Read related posts:
- How to survive a crypto winter
- MPost Market: Bitcoin is edging towards a $20k floor
- MPost Markets: Bitcoin prices continue to fall
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