MPost Markets: Cryptocurrency prices slump
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The bitcoin price still hasn’t gotten out of the slump over the weekend, similar to many other cryptocurrencies.
Bitcoin is down by 1.87% since yesterday, but the price has hardly changed over the weekend. While it traded at $21,284.90 on Friday, the price is now $21,291.59.
Ethereum’s ether has experienced a 3.92% fall since Sunday and is now trading at $1,220.00. The price has fallen just a bit over $12 since Friday. The price variation is low when it comes to other coins as well. True, the price of Binance’s BNB has slipped by 2.48%, XRP by 2.75%, and Cardano’s ADA by 3.87%. However, the prices are overall similar to what they were before the weekend.
While we probably shouldn’t hold much hope for TerraClassicUSD as the stablecoin has remained untethered to $1 for over a month, it has seen a massive price increase. Up by 282.63% over the last 24 hours and 425.26% over the seven-day period, the coin is now trading at $0.043.
The metaverse coins have seen a slightly bigger price slip since yesterday, but the prices are still higher than on Friday. Even though the price of Decentraland’s MANA has decreased by 4.72%, the coin has again taken over Flow as the first NFT cryptocurrency by the market cap. Flow, meanwhile, is down by 3.91%, The Sandbox’s SAND by 5.91%, and ApeCoin by 7.46%.
Some metaverse cryptos are seeing price hikes, however. SwftCoin SWFTC is up by 24.16% over the last 24 hours, and the price has jumped by 116.84% over the last week. Stacks ST is up by 15.47%, Handshake HNS by 5.51%, and Xeno Token by 5.38%.
The price of the Metaverse Index MVI has remained practically unchanged since Friday and is trading at $42.64.
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