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Crypto Market May Not Be Heading for a Bull Run Just Yet

Published 01/19/2023, 03:10 AM
Updated 01/19/2023, 03:30 AM
© Reuters. Crypto Market May Not Be Heading for a Bull Run Just Yet

  • The global crypto market cap dipped 2.75% over the last 24 hours.

  • All of the top 10 cryptos printed 24-hour losses.

  • MATIC is the biggest loser in the top 10 cryptos list.

The crypto market has bled a significant amount over the last 24 hours, shedding off 2.75% of its collective market cap. This is according to the crypto market tracking website, CoinMarketCap. As a result, the global crypto market cap stands at $969.11 billion at press time.

Within the last 24 hours, all of the top 10 cryptos by market cap have printed losses as they deviate from their weekly momentum.

Polygon (MATIC) posted the biggest daily loss of the top 10 cryptos and is currently down more than 6.19%. The altcoin is, however, up over the last 7 days by 6.66%. CoinMarketCap shows that MATIC is now trading at $0.945.

The two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH) are down 2.17% and 3.53% respectively over the last 24 hours. Currently, BTC is trading below the $21k level at $20,810.06, while ETH’s price sits at $1,527.01.

The price of Binance Coin (BNB) is down 4.21%, bringing its price down to $289.94 at press time. Meanwhile, Ripple (XRP) is down 0.92%. As a result, XRP is changing hands at around $0.3839.

The post Crypto Market May Not Be Heading for a Bull Run Just Yet appeared first on Coin Edition.

See original on CoinEdition

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