MPost Markets: Cryptocurrencies in the red; bitcoin price down to $22,802

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Recent cryptocurrency price increases had to end someday, and apparently, that day came today. While cryptos are experiencing a downward trend, the seven-day price charts still show impressive price increases.

Although bitcoin has been doing fairly well over the last few days, the coin has seen a price drop of 4.12% and is now trading at $22,802.60. Ethereum’s ether is also in the red, down by 5.88% over the last 24 hours. Ether is now trading at $1,507.51. However, it is still nearly a 40% increase compared to last week’s price.

While Binance’s BNB is down by only 3.20%, the prices of XRP, Cardano’s ADA, and Solana SOL are affected much more as the coins have seen price drops of 5.52%, 8.40%, and 7.70%. Lido DAO, a coin whose price has risen by 87.71% over the last seven days, has seen the largest price drop, down by 19.19%. TerraClassicUSD follows suit, down by 13,09%, though no one is surprised at this point to see the Terra stablecoin’s turbulent price changes. Waves, STEPN GMT, Convex Finance CVX, and Elrond EGLD have all lost a tenth of their prices.

In the NFT realm, things are not much brighter. Flow is down by 7.38%, while ApeCoin APE has lost 9.03% of its value. The Sandbox’s SAND and Decentraland’s MANA have both shed prices by 1.54% and 5.86%. XMON, Vivid Labs VID, and Dego Finance DEGO have seen the largest price drops of 18.91%, 15.61%, and 15.23%.

However, there are still some metaverse coins in the green—SwftCoin SWFTC is continuing the upward trend, up by 20.45%. Star Atlas ATLAS has also seen a decent price increase of 12.20%.

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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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