TL;DR Breakdown
- Bitcoin’s value drops once again to $56,240.47, losing 1.80% in 24 hours.
- Ethereum loses ground by 0.97%, at a price of $4,149.
- The Sandbox (SAND) gains by 41.59% in the past 24 hours while AMP gains by 37.65% in the same timeframe.
- The global crypto market cap is $2.54T, a 2.42% decrease over the last day.
The crypto world never allows things to get boring, that is for certain. With the constant shifting tides from bearish to bullish runs, we find that our top contenders for cryptocurrency are struggling once again to maintain their ranks.
Despite being one of the largest tokens on the market, even Bitcoin and Ethereum seem to be suffering losses by the hour. The recent uprising seemed not to have lasted long, as now we see them losing more than gaining, making the investors worry about where these variations can take us.
Can Bitcoin make a reach for its former value?
Even as we speak, Bitcoin seems to be losing value. After the recent turnaround just days ago when all the major currencies attempted to regain lost ground, it seems that it wasn’t effective enough. Bitcoin continues to slip further and further downhill from the pinnacle it once stood upon.
The charts show a decrease in Bitcoin’s value within the last 24 hours by 2.04% and about 6.87% within the last seven days. For now, Bitcoin has dropped down to $56.3k since yesterday. The market cap shows a low dip of about $1.06 trillion, while the trading volume is $38.39 billion. Things are looking down for Bitcoin even as it struggles to regain power.
Ethereum maintains its position; altcoins at rest
Unlike Bitcoin, Ethereum seems to have kept itself afloat for the last 24 hours; it has neither lost unrecoverable ground nor has it gained much. Although it’s steadily keeping up as the second leading token in the crypto world, hopes for it to exceed $5,000 aren’t optimistic.
Currently, it sits at a value of $4.140.69, having seen a decrease in value but 1.79% in the last 24 hours, but investors suggest that this is not too problematic as ETH has yet to disappoint us by dipping below $4,000. Its market cap rests at $491.3 billion and trading volume at $21.4k billion.
Altcoins continue to remain neutral, hovering around the same numbers, but a few of the altcoins have recorded gains losses since the past day. Binance Coin has gained value by 0.63%, holding a value of $577.29 at the time of writing. Other major altcoins such as Solana have not recorded dramatic gains or losses.
AMP and SAND record equal gains of almost 40% each
Unlike all our major top-ten tokens that display red and worrisome charts, smaller tokens seem to be having a blast down under. AMP token shoots up 40% after a shift in management has raised its value by 46.78% within the last 24 hours.
As the day progressed, it continued to raise its value bit by bit, dominating the top gainers’ list with ease for now. It rests at a value of $0.76 and has been showing great results. As is the case with The Sandbox, raising its value by 34.57% in the confines of a day and by a whopping 117.32% over the past week.
It’s good to see the lesser-known tokens upping the stakes, amusing investors all over the world, and curious to see how they progress through the crypto world as time moves on.
Last considerations
While most of our coins are bipolar enough to maintain their positions, recording gains and losses at an almost constant rate, sometimes surging upwards to maintain their grounds but other times, losing more than they can afford.
It’s always an adventure to be part of the crypto world; the fluctuations always keep investors on their toes, never allowing circumstances to get boring even after years pass.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.