Bitcoin: Major cryptocurrencies, including Shiba Inu, Dogecoin, Ethereum, and bitcoin continue to crash in Crypto Market by 30%. The cryptocurrency market loses approximately $830 billion of its value in six weeks. Meanwhile, Rohit Sharma, captain of the India cricket team has jumped into the NFT world by launching his personal NFT collection.
The bloodbath in the cryptocurrency market continued on Thursday, with Shiba Inu and Dogecoin losing 30 per cent and 25 per cent, respectively. Bitcoin and Ethereum were trading lower by almost 9 per cent and 15 per cent, respectively.
The global crypto market has lost approximately $830 billion in market capitalisation within six weeks. The global crypto market cap is down 12.91 per cent from $2.07 trillion on April 2, 2022, to $1.24 trillion at 8.50 am on Thursday. However, the global crypto volume was up by 39.34 per cent to $218.06 billion, as per Coinmarketcap data.
Cryptocurrency Prices (Bitcoin)
Bitcoin (BTC), the world’s oldest cryptocurrency, was trading at $28,881.96, lower by 8.93 per cent in the last 24 hours. Ethereum (ETH) crashed by 14.59 per cent to $2,052.45.
“Bitcoin fell below support levels of $30,000 for a short while, following the fall of terraUSD (UST), a USS dollar pegged stablecoin. With the collapse of the well known stablecoin and majority of institutional crypto investors losing money, the market is in a frenzy. Besides Bitcoin, other major altcoins witnessed trading in deep red. The market leader is indicating oversold levels, upside seems to be limited. A brief price rally might take place, however a strong break is not expected, says Gaurav Dahake, CEO and founder, Bitbns.
Among other major coins, Cardano (ADA) was down by 23.39 per cent at $0.4863, Algorand (ALGO) was trading with a loss of 27.04 per cent at $0.4339, Binance Coin (BNB) was down by 18.42 per cent at $262.59, Solana (SOL) was trading with a loss of 29.6 per cent at $47.91, and Polkadot (DOT) was down by 25.57 per cent at $8.53.
Today’s top gainer was Metacyber (METAC), which was up by 329.24 per cent at $0.00000008982. The top loser was Terra (LUNA), which was down by 96.42 per cent at $0.5104.
Meme Coin And DeFi Prices
Dogecoin (DOGE) was down by 25.9 per cent at $0.08175. Its volume to market cap ratio stands at 0.247. Rival Shiba Inu (SHIB) was down by 29.56 per cent at $0.00001147.
Dogelon Mars (ELON) lost 32.66 per cent to trade at $0.0000004676, Floki Inu (FLOKI) lost 31.64 per cent at $0.000007476, and Samoyed Coin (SAMO) was down by 26.74 cent at $0.007114 .
In the DeFi segment, YFI (yearn.finance) was down by 20.44 per cent at $11,005.11. Terra (LUNA) was trading with a loss of 96.42 per cent at $0.5104, Avalanche (AVAX) lost 33.47 per cent at $29.66, Uniswap (UNI) was down by 22.43 per cent to trade at $4.77, and Aave (AAVE) was trading with a loss of 26.79 per cent at $77.83.