Most of the top cryptocurrencies are currently trading in the red by CoinEdition



Most of the top cryptocurrencies are currently trading in the red
  • All of the top cryptocurrencies by market cap are currently trading in the red.
  • ETH and BNB are down more than 1%.
  • MATIC was one of the biggest losers over the past day with a price drop of more than 3%.

As the week approaches, the short-term relief that the cryptocurrency market has experienced seems to be doing the same. All of the top cryptocurrencies by market cap are currently trading in the red. These included (ETH), (BNB), Polygon (MATIC), (DOGE), (SOL), and (SHIB).

Ethereum / US 1D (Source: TradingView)

ETH is trading at $1,783.32 after declining by 1.31% over the past day. However, the altcoin is still in the green more than 20% over the past week. ETH 24-hour trading volume is in the red, now standing at $8,703,752,412 after a drop of more than 30%.

Binance/Tether US 1D Coin (Source: TradingView)

BNB is also lower and is now trading at $336.38 after its price declined by 1.95% since yesterday. Similar to ETH, BNB is also still up by more than 20% over the past week.

MATIC Network / Tether US 1D (Source: TradingView)

MATIC is one of the altcoins that has suffered the most in the past 24 hours and is now trading at $1.19 after a price drop of more than 3%. During the same period of time, MATIC managed to reach highs of $1.25 and $1.17. The altcoin’s 24-hour trading volume is down more than 30% and now stands at $433,859,438.

The meme coins DOGE and SHIB are also down today, down 3.50% and 2.36%, respectively. Despite this, DOGE is still up 11.96% over the past week while SHIB stock is up 5.96% over the same time period. DOGE’s market cap of $9,870,352,599 makes it the ninth largest cryptocurrency while SHIB’s market cap of $6,424,085,643 means it ranks thirteenth in the ranking.

Disclaimer: Opinions and opinions, as well as all information shared in this price analysis, are published in good faith. Readers should do their research and due diligence. Any action taken by the reader is at their own risk. Coin Edition and its affiliates will not be liable for any direct or indirect damage or loss.

The post Most Cryptocurrencies Currently Trading in The Red appeared first in Coin.

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