MPost Markets: Cryptos in the red; bitcoin price remains relatively stable
Cryptocurrency prices are down, but there have been no huge price changes.
Bitcoin is down by 3.31%, but the price has stayed relatively unchanged when compared to that of seven days ago—it’s down by just 0.67%. Bitcoin is now trading at $21,936.98.
Ethereum’s ether has also seen a price drop, and the coin is down by 4.98%. Trading at $1,528.24, the price is also relatively stable compared to the turbulent price changes over the last few months.
Binance’s BNB price is down by 2.89%, while XRP and Cardano’s ADA have experienced more significant price drops of 4.50% and 6.40%, respectively. Solana SOL and Dogecoin DOGE prices have slid by approximately 5%. The prices of Convex Finance CVX, Lido DAO LDO, and Curve DAO Token have fallen the most over the last 24 hours, down by 12.36%, 9.21%, and 9.15%.
Metaverse cryptocurrencies are also in the red. ApeCoin APE has seen a relatively small price slide of just 0.77%, while the prices of Flow and Decentraland’s MANA have fallen by 7.15% and 6.59%, respectively. The Sandbox SAND and Tezos have both slid by approximately 5.50%. Among NFT-related cryptos with the largest price drops, there are XMON, SuperFarm SUPER, and AxieInfinity AXS, with price drops of 12.30%, 10.87%, and 8.60%.
However, there have also been some price increases, with LTO Network noting a 7.31% price gain and UFO Gaming USO up by 6.35%. Alethea Artificial Liquid Intelligence ALI and YooShi have also experienced price increases, up by approximately 6.35%.
While cryptocurrencies are mostly in the red, their prices still seem relatively stable. There has been no major price drop over the weekend, and there is some hope for smaller price fluctuations in the future as we slowly move away from the crypto winter.
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