9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year – Markets and Prices Bitcoin News
274 days or roughly 9 months in the past, the crypto economic system was value $2.34 trillion and at $967 billion the mixture worth of all 13,192 crypto belongings is $1.48 trillion much less. Many of the prime digital currencies tapped an all-time value excessive in November 2021 and immediately, an excellent majority of the highest crypto belongings are down between 70% to 90% in worth in opposition to the U.S. greenback.
9 Out of 12 Crypto Assets Have Misplaced Important Worth Since Last Year’s Value Highs
It’s virtually a yr later because the world’s prime crypto belongings tapped all-time highs in 2021, and a large number of digital currencies have misplaced appreciable worth. The next is a take a look at the top crypto assets by market capitalization, with the intention to see how a lot USD worth every coin has misplaced.
BTC/USD on October 2, 2022.
The main crypto asset by market valuation bitcoin (BTC) is at the moment buying and selling for costs between $19,078 to $19,377 per unit over the last 24 hours. Bitcoin is down immediately, 72.1% decrease in USD worth than the all-time excessive ($69,044 per unit) printed on November 10, 2021.
Ethereum (ETH), the second-largest crypto coin by market cap, is buying and selling at costs between $1,289 to $1,317 per unit on Sunday. ETH has misplaced 73.2% in USD worth since reaching an all-time excessive (ATH) of $4,878 per unit on the identical day as BTC’s ATH.
ETH/USD on October 2, 2022.
The highest ten crypto asset positions have two stablecoins within the third and fourth positions by way of immediately’s crypto market caps, which embody USDT and USDC. BNB is the fifth largest crypto asset and immediately’s 24-hour value vary has been between $279 to $286 per BNB. The crypto asset BNB has misplaced 58.3% from the crypto’s ATH posted on Could 10, 2021.
On the time final yr, BNB was exchanging fingers for $686 per unit that day. The crypto asset xrp (XRP) didn’t attain a lifetime value excessive in 2021, as XRP’s ATH was recorded on January 7, 2018. XRP has been buying and selling for costs between $0.45 to $0.47 per unit on Sunday, and the value is down 86.4% decrease than the ATH recorded 4 years in the past.
SOL/USD on October 2, 2022.
The seventh place within the prime ten crypto market caps immediately is occupied by the stablecoin BUSD. The eighth largest crypto asset is cardano (ADA), which is exchanging fingers immediately for $0.42 to $0.43 per unit. ADA has misplaced 86.1% in USD worth since September 2, 2021, again when ADA reached an ATH of $3.09 per unit.
Solana (SOL) is buying and selling for $32.31 to $33 per SOL on October 2, 2022, and because the $259 per coin ATH on November 06, 2021, 11 months in the past, SOL is down 87.4%. The tenth largest crypto asset is the meme coin dogecoin (DOGE), which has traded for $0.059 to $0.0609 per unit. DOGE has misplaced 91.8% because the ATH recorded on Could 8, 2021, when dogecoin reached $0.731 per DOGE over a yr in the past.
The eleventh largest crypto asset polkadot (DOT) is buying and selling for $6.20 to $6.32 per DOT. Roughly 11 months in the past on November 4, 2021, DOT was 88.5% increased in USD worth at $54.98 per DOT. Lastly, the twelfth largest crypto asset by market valuation, shiba inu (SHIB) is swapping for $0.00001094 to $0.00001122 per unit. SHIB has misplaced round 87.1% in worth in opposition to the U.S. greenback after it was buying and selling for $0.00008616 on October 28, 2021.
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all-time highs, ATH, Bitcoin (BTC), bnb, BUSD, cardano (ADA), crypto belongings, Dogecoin (DOGE), Ethereum (ETH), Last Year, Market Valuations, Markets, November 2021, polkadot (DOT), Value ATHs, Prices, shiba inu (SHIB), Solana (SOL), U.S. greenback costs, USDC, USDT, XRP
What do you concentrate on the highest 12 crypto asset market caps and the way a lot they’ve misplaced since their all-time value highs? Tell us what you concentrate on this topic within the feedback part beneath.
Jamie Redman
Picture Credit: Shutterstock, Pixabay, Wiki Commons
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