The famous Dogecoin on Twitter reduced its global market value by about 15% overnight as its price continued to drop for the third week in a row.
When I was writing this article, the same coin was trading at $0.19, down nearly 41% from last Monday. The last couple of times have been pretty red for generally bullish doge traders, and today’s crash is adding to the downtrend around the popular “meme coin”.
The story was similar in other areas as well, with coins like Bitcoin, Ethereum, and BNB struggling to break their lows of recent days.
Also Read: Bitcoin Price Plunges Below $30K For The First Time in 5 Months
For starters, the global crypto market cap grew from $1.43 trillion to $1.26 trillion in just 3 days.
Bitcoin is trading at $31,943, a two-week low that is trailing other cryptocurrencies. It was down 10.7% for the last time, the largest daily percentage loss in a month. The world’s largest cryptocurrency has lost over 20% in the past six days alone and was halfway through its April high of nearly $65K.
If you’re looking for something sweet, BTC stays on the cumulative index up about 11% for the year.
Ethereum fell to its lowest level in five weeks at $1,882.
At the time of writing, it is down 14.3% and is expected to head towards the highly anticipated $1,500 mark. In addition to the below-average coins in the top ten market capitalizations, cryptocurrencies such as SHIBA INU (SHIB), Chainlink (LINK) and Polygon (MATIC) also gave no indications of a short-term development of trends.
Also Read: Ethereum Price Drops to 2,000 USD For The First Time Since mid-May
As of this writing, SHIB is down 14.64%. Likewise, Chainlink fell 11.47% to $20.3 while the MATIC coin on the Polygon blockchain fell 16.3% to $1.30.
