Bitcoin slumped to monthly lows below $39,000 and crypto market cap decreased by nearly $80 billion in one day. Altcoins are also deep in the red today, with ETH dropping below $3,000 and even more significant price losses from Ripple, Solana, Cardano, Terra and Polkadot. Meanwhile, various metaverse and web3 coin projects were on the rise. Here are the details…
Bitcoin and altcoins fell
After consolidating above $40,000 for a few days, as we reported on Kriptokoin.com, Bitcoin fell below this level and hit a new monthly low. came. The past few days have been pretty quiet in the altcoin market with no significant price movements. Today, however, the situation is fundamentally different. Ethereum is leading the downtrend with a price drop of almost 5 percent. As a result, the second-largest cryptocurrency fell below $3,000 for the third time this month.
Binance Coin is struggling around $400 after a 3.5% daily drop. XRP fell 6 percent, Solana 5.5 percent, Cardano 7 percent, Terra 5.5 percent, Avalanche 6 percent, Polkadot 7 percent, Dogecoin and Shiba Inu 6 percent. After last week’s increased volatility as Bitcoin plunged from $45,000 to nearly $40,000, the asset has calmed down. As reported over the weekend, BTC stalled just above $40,000 and even swayed at $41,000 yesterday but failed to sustain it. Bitcoin fell below $40,000 for the second time in the last ten days and continued to lose value.
Metaverse, web3 and meme coin projects rose
Looking at the Metaverse coin area, StarSharks SEA (SEA) is 19 percent, Gridzone.io (ZONE) is 10.6 percent, Decentraland Games ICE (ICE) is 8.9 percent, League of Kingdoms (LOKA) gained 8.7 percent. Looking at meme coins, Vita Inu (VINU) rose 42 percent and CumRocket (CUMMIES) rose 11.4 percent. Lastly, Big Data Protocol (BDP) in the web3 space experienced an increase of 13.8 percent.
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