MPost Markets: Cryptocurrency prices fall after an overnight jump
We’re back in the red as cryptocurrency prices fluctuate this Wednesday.
Although bitcoin crossed the $32K mark for a moment yesterday, the price has fallen again, and the coin is now trading at $31,603.99. The 0.43% loss it incurred over the last 24 hours is relatively small but meaningful enough to knock speculative traders for a loop.
Ethereum’s ether has also experienced a fall of 1.93% and is now trading at $1,937.13. The price of Binance’s BNB has also fallen by 1.61%, Cardano’s ADA by 6.89%, XRP by 1.27%, and Solana’s SOL by 1.27%. Meanwhile, Dogecoin DOGE and Polkadot DOT are both in the green, with a slight rise of 0.65% and 0.59%, respectively.
Metaverse cryptocurrencies are also experiencing a fall. Flow is down by 5.05%, ApeCoin APE by 3.96%, Decentraland’s MANA by 4.18%, and Tezos XTZ by 0.66%. However, that’s not to say that all the coins used for NFTs are behaving badly. Vivid Labs VID is up by 44.67%, Victoria VR 30.45%, and Aurory AURY’s price jumped 23.14%.
Unsurprisingly, considering all the price falls, Metaverse Index MVI is also down. Trading at 6% lower than yesterday at $54.36.
Read related posts:
- Red Bull Racing is auctioning off a limited-edition NFT for the Monaco Grand Prix
- MPost Markets: Prices are down, Terra plummets again
- The Wall Street Journal says “NFT sales are flatlining,” but what does the actual data say?
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.
More articles
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.
