New Delhi: Popular cryptocurrency DogeCoin plummeted which has resulted in huge losses to investors of the crypto. Notably, DogeCoin is supported by Elon Musk. Bitcoin and other currencies have recorded a decline of 6 to 18 percent. There has been a decline of about 7 percent in the price of Bitcoin. Whereas Ethereum recorded a loss of more than 11 percent in a week.
If experts are to be believed, there could be a further decline in the prices of cryptocurrencies in the coming days. However, in the last 24 hours, a slight increase in the cryptocurrency market was seen. However, the market cap remains below $3.25 trillion. It was 3.6 trillion dollars last week.
Elon Musk’s favorite cryptocurrency Dogecoin has recorded some losses. It has reported a decline of around 20 percent in a week. In the last one month, Dogecoin incurred around 30 per cent losses. It may be noted that the crypto has rallied more than 250 percent in one year.
Cryptos which recorded losses over 20% in a week
- XRP recorded a loss of more than 21 percent in the last one week. In the last 24 hours, a decline of more than 3 percent was recorded. IT was priced at $2.55 when the article was being written.
- Cardano went down around 21 percent in the last one week. It increased 1 percent in the last 24 hours and was priced at $0.7611 at the time of writing this article.
- Avalanche depreciated 21.10 percent in the last one week. The crypto was trading at $26.54.
- Hedera lowered over 22.16 percent in the last one week. Whereas in the last 24 hours a decline of more than 3.66 percent was recorded. It was priced at at $0.2446.
- Bitcoin Cash registered a loss of over 22.34 percent in the last one week. In the last 24 hours, a decline of more than 0.11 percent was recorded. It was priced at $332.68 when the article was written.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
The cryptocurrency market experienced a significant downturn, with Dogecoin, Bitcoin, and Ethereum leading the losses. Dogecoin, favored by Elon Musk, plummeted over 20% in a week, while Bitcoin and Ethereum saw declines of 7% and 11%, respectively. Other cryptocurrencies like XRP, Cardano, Avalanche, Hedera, and Bitcoin Cash also suffered losses exceeding 20%. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
