- Most All crypto assets experienced a decline of between 2% and 5.5% over the past 24 hours.
- At press time Bitcoin is at $37,076 and Ethereum is at $2,544.
- The last week has seen a significant decrease in value, with LUNA losing 25%.
Crypto markets have been volatile during the last week of January, with major tokens all turning red at the start of the week. The market swings have been considerable, with crypto tokens moving dramatically.
According to CoinMarketCap, the overall market cap has dropped by 2.6% in the last 24 hours and is currently at an estimated $705.98 billion. Bitcoin, the major driving force of the global market, has been fairly inconsistent and is currently trading around the $36,975 mark. It had risen to $38,000 per bit over the weekend.
ETH, the native currency of Ethereum, has seen a 1.85% decrease in the past day, but has generally been on an upward trajectory since Friday afternoon, peaking at $2,630 on Sunday. Despite today’s dip to $2,499, it is still up 15% after rebounding from a low of $2,350 in the past week.
Alts Keep Their Ground
Altcoins have been more consistent in their performance. ADA is trading at $1.02, down 4.4% over the last 24 hours and struggling to recover from the weekend’s market dip. The token has not been above $1.1 since Wednesday and has remained just below $1 over the weekend.
Binance Coin (BNB) has seen a marginal decrease of 3.91% in the same period, but has still grown 8.5% relative to last week’s prices. SOL and MATIC have also seen positive growth, with each token increasing 10.4% and 18.6%, respectively, over the last seven days.
LUNA Continues to Lose Value
LuNA, the native token of Terra, is a special case. It has depreciated by 25% in the last seven days and is currently trading at $45.75, down 8.63% over the last 24 hours. LUNA’s price remains at more than 55% of its all-time high, currently testing the lows seen in November.
