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.

Bitcoin chart. Source: CoinGecko.

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.  

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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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