Bitcoin, Dogecoin, and Etherum Weak, Check Crypto Prices Today
Navigasi - The crypto asset market looks gloomy this morning, Sunday (1/5/2022). Launching Coinmarketcap this morning 8 of the 10 largest market cap crypto assets moved in the red in the last 24 hours.
|Bitcoin, Dogecoin, and Etherum Weak, Check Crypto Prices Today|
The value of the faintest cryptocurrency is Polkadot (DOT) which plunged 9.7 percent at the level of 14.7 US dollars. Followed by Solana (SOL) which plunged 8.85 percent to the position of 85.87 US dollars, and Terra (LUNA) which also fell 8.27 percent to the position of 78.47 US dollars.
Weakness also occurred in Cardano (ADA) by 5.9 percent at the level of 0.76 US dollars, Dogecoin (DOGE) at 0.12 US dollars or weakened 5.09 percent, and continued by Binance Exchange (BNB) at 379 levels. , 7 US dollars or 3.6 percent corrected.
Ethereum (ETH) was also down 2.9 percent at 2,736 US dollars, and was followed by Bitcoin (BTC) which was 2.16 percent lower at 37,765 US dollars.
This morning Tether (USDT) and USD Coin (USDC) each rose 0.02 percent to the position of 1 US dollar. For information, USDT and USDC are crypto currencies of the stable coin class or types of cryptocurrencies created to offer stable prices against the US dollar.
Quoting Coindesk, Bitcoin fell from a high of 40,200 US dollars which was supported by the weakness of the US stock market. Throughout this year, crypto asset investors tend to be risk off or tend to avoid high risks due to macroeconomic and geopolitical conditions.
“Typically, investors reduce their exposure to speculative assets such as stocks and crypto during times of uncertainty – and bond returns fall when interest rates rise. On the other hand, gold and other commodities typically outperform when inflation rises,” Coindesk quoted.
Disclaimer: This article is not meant to buy or sell cryptocurrencies.