Coin Week

  • bitcoinBitcoin$44,125.002.13%
  • ethereumEthereum$2,361.410.84%
  • binancecoinBNB$238.973.57%
  • rippleXRP$0.674.50%
  • solanaSolana$72.7912.38%
  • dogecoinDogecoin$0.1002337.18%

Top Cryptocurrencies Report Decline

Photo: Getty Images

As of Wednesday late afternoon, most of the major 20 digital assets and US equity markets have retreated.

CoinMarketCap data showed that the largest cryptocurrency by market value, Bitcoin (BTC-USD), was trading at $43,789, plunging 4.7% in the past 24 hours. Trading volume was at $37.93 billion, up 23%.

The oldest cryptocurrency is currently 5% down year-to-date, compared with a 6% drop for the S&P 500 Index.

Ethereum (ETH-USD), the second-largest digital asset, decreased 6.3% to $3,232. Terra (LUNA-USD), the fourth-largest, fell 5.5% to $109.63.

Fifteen other digital assets on the CoinDesk 20 list logged losses in the low single- to low double-digit percentage range. These fifteen digital assets account for 99% of the market by volume at eight of the largest exchanges.

Dogecoin (DOGE-USD), the 12th-largest digital asset, recorded the most significant loss of the day, with a decline of 12%.

Two stablecoins pegged to the US dollar, Tether (USDT-USD) and USD Coin (USDC-USD), were each trading 0.01% lower from their value 24 hours ago.

According to CoinGecko data, the cryptocurrency industry’s total market capitalization declined nearly 6% in the past 24 hours to $2.115 trillion.