MPost Markets: Cryptocurrency prices fall after an overnight jump
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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.
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