Wednesday, June 29, 2022
Decentralized
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • ICO
  • Market & Analysis
  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Dogecoin
No Result
View All Result
Home Dogecoin

Why Bitcoin, Ethereum, and Dogecoin Lost $55 Billion in Market Cap Today

admin by admin
January 7, 2022
in Dogecoin
0
Why Bitcoin, Ethereum, and Dogecoin Lost $55 Billion in Market Cap Today
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


What occurred

Volatility amongst mega-cap tokens hasn’t taken a breather at the moment. In truth, main cryptocurrencies Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have seen one other day of declines. These tokens fell by 3.6% and 6.7%, respectively, over the previous 24 hours, as of 9:30 a.m. ET.

Fashionable meme token Dogecoin (CRYPTO:DOGE) additionally noticed important promoting stress at the moment, dropping 3.8% over the identical timeframe.

Whole cumulative losses for these three tokens at the moment approximate $55 billion to this point at the moment.

For Bitcoin, lethal political protests in Kazakhstan, apparently the world’s second-largest Bitcoin mining hub, impacted its mining community at the moment.

Ethereum’s latest woes have continued, with losses for this high token as soon as once more outpacing Bitcoin’s, as buyers look previous the expansion that good contract-enabled blockchains like Ethereum present within the decentralized finance world to maneuver to perceived secure haven bets like Bitcoin.

Dogecoin has as soon as once more didn’t see any momentum materialize, with speculators and merchants sitting on their fingers as soon as once more at the moment. 

Investor looking at falling stock charts.

Picture supply: Getty Photographs.

So what

General, it seems the risk-off sentiment that has prevailed because the midweek launch of the Federal Reserve assembly minutes continues to hamper sentiment amongst extremely speculative asset lessons. The prospect of charges rising prior to anticipated, and extra hawkish financial coverage taking maintain, are broadly bearish for the unstable cryptocurrency sector. 

Related articles

Compound Finance, Solana & DogeCoin — Asian Wrap 29 June

Compound Finance, Solana & DogeCoin — Asian Wrap 29 June

June 29, 2022
Dogecoin Gained 7.63% to $0.218 at 5 p.m. ET — Data Talk

Dogecoin Lost 6.98% to $0.067 at 5 p.m. ET — Data Talk

June 28, 2022

Geopolitical considerations solely exacerbate what seems to be a rotation out of threat property proper now. Buyers searching for security have typically sought out different extra defensive asset lessons, or want to relative secure havens like Bitcoin within the large-cap crypto world at the moment. Of the highest 5 largest crypto tokens by market capitalization (excluding stablecoins), Bitcoin is once more the most effective performer.

Now what

Amid a flight to security, buyers are actually left with few choices within the crypto house. Sure, some small-cap tokens are surging at the moment. There’s all the time alternative in each market, and there’ll all the time be just a few winners throughout each sell-off. Nonetheless, the crypto market has been a sea of purple to begin the yr for many tokens. 

The query many buyers have proper now could be: How lengthy will this sell-off proceed? Protracted declines amongst many high tokens have pressured progress buyers to look elsewhere to begin the yr. For now, market volatility is working towards crypto buyers. Given the shortage of catalysts materializing proper now, endurance might certainly be a advantage for these seeking to purchase this dip.

This text represents the opinion of the author, who might disagree with the “official” advice place of a Motley Idiot premium advisory service. We’re motley! Questioning an investing thesis — even one in every of our personal — helps us all suppose critically about investing and make choices that assist us grow to be smarter, happier, and richer.





Source link

Tags: billionBitcoincapDogecoinEthereumLostMarkettoday
Share76Tweet48

Related Posts

Compound Finance, Solana & DogeCoin — Asian Wrap 29 June

Compound Finance, Solana & DogeCoin — Asian Wrap 29 June

by admin
June 29, 2022
0

Compound's COMP worth may very well be a really favorable digital asset within the coming weeks. This text is...

Dogecoin Gained 7.63% to $0.218 at 5 p.m. ET — Data Talk

Dogecoin Lost 6.98% to $0.067 at 5 p.m. ET — Data Talk

by admin
June 28, 2022
0

Dogecoin is down $0.005 as we speak or 6.98% to $0.067 --Largest share lower since June 18, 2022 when...

Chainlink Pumps and Dumps on Robinhood Listing

Chainlink Pumps and Dumps on Robinhood Listing

by admin
June 28, 2022
0

Key Takeaways On-line brokerage platform Robinhood listed Chainlink’s LINK. The token surged by almost 9% following the announcement.  Though...

Speculation Fuels Shiba Inu, Dogecoin to Biggest Seven-Day Gains as Bitcoin Steadies

Speculation Fuels Shiba Inu, Dogecoin to Biggest Seven-Day Gains as Bitcoin Steadies

by admin
June 28, 2022
0

Do not miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain pageant expertise of the yr in Austin, TX...

Crypto Crash Latest News Today 6/28: Shiba Inu (SHIB), Dogecoin, Solana, DOT, AVAX, XRP, Matic fall up to 8%

Crypto Crash Latest News Today 6/28: Shiba Inu (SHIB), Dogecoin, Solana, DOT, AVAX, XRP, Matic fall up to 8%

by admin
June 28, 2022
0

Crypto Crash Newest Information (twenty eighth June): Costs of a lot of the prime cryptos have dropped within the...

Load More
  • Trending
  • Comments
  • Latest
BYD Ocean-X Concept creates ripples at the Munich show

BYD Ocean-X Concept creates ripples at the Munich show

September 9, 2021
Akt.io Introduces AKTIO Coin ICO in Ireland

Akt.io Introduces AKTIO Coin ICO in Ireland

October 15, 2021
HGTV’s Urban Oasis home in Indianapolis captures Broad Ripple’s vibe

HGTV’s Urban Oasis home in Indianapolis captures Broad Ripple’s vibe

October 8, 2021
NFTs allow people to ‘interact with crypto in a hands-on way’ — Shaq

NFTs allow people to ‘interact with crypto in a hands-on way’ — Shaq

October 15, 2021
Cryptocurrency Crash: Crypto crash leads to firesale of hardware

Cryptocurrency Crash: Crypto crash leads to firesale of hardware

0
Sell or hodl? How to prepare for the end of the bull run, Part 2 – Cointelegraph Magazine

Sell or hodl? How to prepare for the end of the bull run, Part 2 – Cointelegraph Magazine

0
BYD Ocean-X Concept creates ripples at the Munich show

BYD Ocean-X Concept creates ripples at the Munich show

0
India to Take Distinctive Approach Toward Cryptocurrencies, Not Like the US or El Salvador

India to Take Distinctive Approach Toward Cryptocurrencies, Not Like the US or El Salvador

0
Cryptocurrency Crash: Crypto crash leads to firesale of hardware

Cryptocurrency Crash: Crypto crash leads to firesale of hardware

June 29, 2022
Compound Finance, Solana & DogeCoin — Asian Wrap 29 June

Compound Finance, Solana & DogeCoin — Asian Wrap 29 June

June 29, 2022
Here’s What Elon Musk Gets Wrong About Bitcoin and Dogecoin

Here’s What Elon Musk Gets Wrong About Bitcoin and Dogecoin

June 29, 2022
Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Waiting for Bitcoin to Test $1,100 to Buy More – Markets and Prices Bitcoin News

Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Waiting for Bitcoin to Test $1,100 to Buy More – Markets and Prices Bitcoin News

June 29, 2022

Recent News

Cryptocurrency Crash: Crypto crash leads to firesale of hardware

Cryptocurrency Crash: Crypto crash leads to firesale of hardware

June 29, 2022
Compound Finance, Solana & DogeCoin — Asian Wrap 29 June

Compound Finance, Solana & DogeCoin — Asian Wrap 29 June

June 29, 2022
Here’s What Elon Musk Gets Wrong About Bitcoin and Dogecoin

Here’s What Elon Musk Gets Wrong About Bitcoin and Dogecoin

June 29, 2022

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple

Follow Us

Tags

analysis Bitcoin Blockchain BTC buy Cardano Coin Cointelegraph crypto Cryptocurrencies Cryptocurrency DeFi Digital DOGE Dogecoin Effect ETH Ethereum Heres Inu Investors latest launches Litecoin LTC Market markets metaverse Million Mining News NFT NFTs Price Prices Ripple ripples SEC Shiba Solana today token Top trading XRP
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • ICO
  • Market & Analysis
  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Dogecoin

© 2021 DECENTRALIZED UPDATE All Rights Reserved