Mon, October 03, 2022

Why Are Cryptocurrencies Crashing?

Cryptocurrency

Litecoin was down 12.14% for the day and trading at $50.370 as of 23:22 (03:22 GMT) on Monday. Since May 11, it was the biggest drop in a single day.

The decline caused Litecoin’s market cap to drop to $3.725B, or 0.41% of the overall market value of cryptocurrencies. Market capitalization for Litecoin peaked at $25.609 billion. The price of Litecoin fluctuated between $50.360 and $53.700 over the preceding 24 hours. Litecoin’s value decreased during the previous week, falling 15.23%. Litecoin’s trading volume for the previous 24 hours was $494.447M, or 0.71% of the total volume of all cryptocurrencies. The previous week fluctuated in price between $50.3600 and $67.3800. Litecoin is still down 88.01% from its all-time high, which was $420.00 on December 12, 2017, at its current price.

In Other Cryptocurrency Markets

By 22:34 (02:34 GMT) on Monday, Cardano was down 10.02% for the day and trading at $0.4361. Cardano’s market cap decreased due to the negative movement to $15.0417B, or 1.65% of the overall market value of cryptocurrencies. Cardano’s market cap peaked at $94.8001B.

In the preceding 24 hours, Cardano has traded between $0.4351 and $0.4513. Cardano’s value fell over the last seven days, falling 13.4%. Cardano exchanged $728.5613M worth of volume in the 24 hours before the time of writing, which is 1.08% of the total volume of all cryptocurrencies. In the last 7 days, it has traded in a range between $0.4351 to $0.5081.

Cardano was down 85.93% from its previous price of $3.10 on September 2, 2021. By 22:18 (02:18 GMT) on Monday, Ethereum was trading at $1,297.83 on the Investing.com Index, down 10.64% for the day. Since August 26, it was the biggest percentage drop in a single day. The negative movement reduced Ethereum’s market cap to $164.19B, or 17.59% of the overall market worth of cryptocurrencies. In the recent 24 hours, the price of Ethereum fluctuated between $1,297.18 and $1,353.00.

YOU MAY ALSO LIKE

OPEC Organization of the Petroleum Exporting Countries

OPEC+ sources said that the group’s oil producers are considering reducing its

Warner Music Group collaborates with OpenSea to expand artist Web3 opportunities. Selecting

Chinese Yuan fell on Tuesday. What about Aussie and Kiwi?

After the central bank warned against speculative trading and large one-way bets

COMMENTS

Leave a Comment

Your email address will not be published.

BROKER NEWS

FxPro UK Reports 48% Revenue Drop in 2021

FxPro UK Limited, the FCA-regulated subsidiary of the Cyprus-based group, published its financials for the fiscal year 2021, ending on December 31. The report showed that the broker’s revenue decreased 48 percent to

BROKER NEWS

Broker News

FxPro UK Reports 48% Revenue Drop in 2021

FxPro UK Limited, the FCA-regulated subsidiary of the Cyprus-based group, published its financials for the fiscal year 2021, ending on December 31. The report showed that the broker’s revenue decreased 48 percent to £900,365