Last Updated on: 21st July 2023, 05:00 am
Almost all of the top 10 largest cryptocurrencies have now moved out of their long-term price corridors, but not in the direction their owners expect.
As of this writing, the price of Bitcoin (BTC) has fallen just under 6% in the past 24 hours to around $32,650 per Nomics crypto platform. Meanwhile, Ethereum (ETH) slipped to $2,180, down 8.25% that day.
Also Read: FCA Orders To Stop Operating Binance in The UK
Other major cryptocurrencies “don’t feel so good today” either Binance Coin, the core token of the decentralized financial ecosystem developed by leading cryptocurrency exchange, Binance, fell to $316, almost 5% lower that day.
Cardano (ADA) suffered a similar drop to $1.37, nearly 4%. XRP, whose developer Ripple Labs is still in litigation with the United States Securities and Exchange Commission, fell to about $0.62, down 6.55%.
Polkadot (DOT) is down around 7.67% and is trading at $15.58. In turn, Dogecoin (DOGE) recorded the largest daily drop among the 10 cryptocurrencies to date. The meme is currently down 8.28% on the day and is trading at around $0.215.
Judging from the past week, even tweets from Dogecoin cheerleader Elon Musk can no longer bring wind in the veils of cryptocurrency.
However, not all candles are red; The NFT Flow platform has seen an increase of almost 20% in the past 24 hours, taking its price to $15.14.
Also Read: Dogecoin Price Goes Down 15% As Global Market Value Continues To Struggle For The Third Week
Decentraland and Axie Infinity gaming tokens also continued their upward trend since yesterday with respective increases of 4.58% and 2.25%.
