TL; DR failure
- The crypto market is shrinking due to falling coin prices.
- Unlike the last few days, Bitcoin shows a decrease of 7.13%.
- BinanceQueen and Atrium face a similar fate, falling 9.05% and 8.50%, respectively.
- Tether USD is the only coin priced in the top ten, but be careful.
The world of digital currencies is full of uncertainty, and this is causing the ecosystem to flourish, which is a problem. At the time of writing the previous summary, the leading coins were bullish and set new records. But then, the tables turned, and they saw a decline in value.
All three top coins are in the red club. Despite the resurgence of bitcoin, there was little time to recover and gain momentum. Short-term green signals are red again. But who knows how short this red period will be!
This slump in the prices of top currencies has also affected the total market value of digital currencies. Market value fell from $ 2.66 trillion to $ 2.47 trillion. Let’s see what happens, because there is no trend in the crypto market that is permanent, to say the least.
Bitcoin fell 7.13% in the last 24 hours
Bitcoin (BTC) has gained more momentum in the last 24 hours and has reached its peak, and its goal is to reach new peaks. It was expected to reach $ 60,000 soon, but this trend did not last long. The market has been in a slump for the past 24 hours, with the exception of one case, the remaining currencies in the top 10 are in a slump.
The bitcoin chart took a downward trend, falling 7.13% in the last 24 hours. At the time of writing, its price is in the range of $ 54,415, which is close to $ 58,000 24 hours ago. Compared to its weekly performance, if the recorded redness is 7.70%, BTC is also affected. The current value of the Bitcoin market is $ 1,026,605,206,267.
The recorded volume of BTC in the last 24 hours is $ 42,138,053,033, which is equivalent to $ 775,120 BTC in US dollars. The current offering of bitcoin is 18884175 bitcoin in circulation. Overall performance of BTC has been defeated in the last seven days.
Atrium drops to $ 41,000 after a red signal
As the top currency, Bitcoin, the second currency in the Atrium ranking, also stopped during this period. Atrium has improved over the past few days and even crossed the $ 45,000 mark, but then faced a red signal. We have seen a price drop of 8.50% and we are back to the same game whether it crosses 42K or not.
The listed price for Atrium at the time of writing is around $ 41,110. The past seven days have seen a 5.15% recession, which has clearly been driven by recent declining prices. Atrium currently has a market capitalization of $ 486,926,404,935, which also affects the total market value of digital currencies. The volume of atrium is $ 26,376,063,036, which is equivalent to 6,419,233 ETH.
Atrium’s overall weekly performance, like that of Bitcoin, has been affected by the recent downturn in the market. Its current circulation is 118,504,466 ETH.
Bainance Quinn fell 9.05% in the last 24 hours
Baines Quinn (BNB) had the fastest growth among the top three coins, but has also fallen victim to recent tidal changes. The BNB has seen a 9.05% decline in the last 24 hours. Although it has lost in the last 24 hours, it shows a positive trend for the overall weekly performance. It rose 0.53 percent last week, much better than ETH and BTC, both of which have been affected by the downtrend. It is priced at $ 592 at the time of writing.
The current market value at the time of writing is $ 98,856,725,317 for BNB. It has performed much better than its predecessors and is expected to be revived sooner than later.
The registered volume for Bainance Quinn was $ 4,221,447,278, which is equivalent to BNB 7,122,856. If we look at the supply in circulation, it has reached 166,801,148 BNB. Its weekly chart shows it is bullish and is expected to return to competition and lead the rest.
Tetra rose 0.10 percent to $ 1
The Tetra (USDT) is the only currency that moves without encountering a red signal. Unlike all 9 currencies in the list of top 10 currencies, this is the only currency that has been bullish in the last 24 hours. This price move shows not only the resistance of this currency but also the confidence of investors. It is hoped that the other top 10 currencies will join the competition, but it may take time for them to recover.
The registered price for Tether at the time of writing is $ 1.0. The overall weekly gain reached 0.07%. Its current market value at the time of writing is $ 73,258,317,857. The volume registered for Tether by CoinMarketCap is $ 107,471,366,554, equivalent to USDT 107,270,276,122. Its overall performance has been bullish for the past seven days.
Terra LUNA 14Seventh In the list of 5.64% devaluation
Tera (LUNA), the coin of the moon, has been defeated in the last seven days. Its recorded performance in the last seven days has been -2.41%. It continued the same trend and decreased by 5.64% in the last 24 hours.
The price of LUNA listed at the time of writing is around $ 41. The current market value of this coin is $ 16,632,186,950.
Top winner and loser
The top winner in the list is MetaSafeMoon, with an uptrend estimated at 578.54%, much lower than the top winners of the previous days. But given the steady decline in prices, it is still much better. The registered price for MetaSafeMoon at the time of writing is $ 0.000000004948.
The top loser on this list is Cheems Inu, which has dropped 98.37% in the last 24 hours. Its current price is $ 0.000106.
The recent change in market climate is not unfamiliar to the digital currency market. Fluctuations have long been a major feature of the market, and crypto loyalists are hoping that the downtrend will pick up soon. Although this may last for a short time, the sudden drop and sudden jumps in different ways make investors more relaxed or happy. Crypto trading is not for the faint of heart. Think of it as a warning. But if you believe in the concept of the China Blockchain project, you can HODL coins.
The current decline in the crypto market value is nothing new and we hope it will reach new heights in the charts. According to research, Higher fluctuations are relatedA market is more likely to be declining, while less volatility is related to the higher probability of a growing market. Straddle and Strangle options, volatility index options and futures options can be used in the stock market to profit from volatility.
A food for thought for those interested in learning:
The victorious warriors first win and then go to war, while the defeated warriors first go to war and then seek victory.
Chinese military general and strategist Sun Tzu (545 BC-470 BC) Art of War
How can you use these general fluctuation rules to gain a better position in the digital currency market? Please let us know in the comments below.