The cryptocurrency market may not be heading for a bull run just yet by CoinEdition


© Reuters. The cryptocurrency market may not be in an upward trend yet
  • The global cryptocurrency market cap has fallen by 2.75% over the past 24 hours.
  • All of the top ten cryptocurrencies have printed losses over the course of 24 hours.
  • MATIC is the biggest loser in the top 10 cryptocurrency list.

The cryptocurrency market has lost quite a bit over the past 24 hours, wiping out 2.75% of the collective market cap. This is according to the cryptocurrency market tracking website, CoinMarketCap. As a result, the global cryptocurrency market cap is $969.11 billion at the time of writing.

Over the past 24 hours, each of the top 10 cryptocurrencies by market cap has printed losses as they deviated from their weekly momentum.

Polygon (MATIC) posted the biggest daily loss for the top 10 cryptocurrencies and is currently down more than 6.19%. However, over the past 7 days, the altcoin is up 6.66%. CoinMarketCap shows that MATIC is now trading at $0.945.

Two of the crypto market leaders, (BTC) and (ETH) are down 2.17% and 3.53% respectively over the past 24 hours. Currently, BTC is trading below the $21K level at $20,810.06, while ETH is trading at $1,527.01.

(BNB) is down 4.21%, dropping to $289.94 at press time. Meanwhile, (XRP) is down 0.92%. As a result, XRP is trading at around $0.3839.

The cryptocurrency market may not be in a post bull run just yet for the first coin issuance.

See the original on CoinEdition



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