Home Markets Five of the top 10 cryptos dropped by double digits

Five of the top 10 cryptos dropped by double digits

by admin


Crypto assets were trending downward on Wednesday night, but when Russia began attacking Ukraine on Thursday morning, they took a dive even further.

US stocks went into freefall yesterday as tensions in Ukraine intensified. The SPX500 (-2.25%), DJ30 (-1.69%) and NASDAQ100 (-3.1%) all finished heavily in the red as investors fled for safe-haven assets.

The BEA will publicize preliminary GDP data for the fourth quarter of 2021 at 13:30 GMT, which may generate volatility in the markets.

Oil surged past $97 this morning as Russia began attacking Ukraine.

Top cryptos

Most coins in the top 20 lost around a tenth of their value on average. Five of the top 10 cryptos dropped by double digits over the past 24 hours: Cardano more than 15%, Avalanche 14%, Ethereum and BNB 12%, and XRP more than 11%.

Bitcoin was trading under $35,000 at time of writing, down more than 8% in the past day. Outside the top 10, Dogecoin, Polkadot, and Polygon lost more than 15%.

Top movers

The situation looks even worse outside the top 20, where the minimal loss suffered by a cryptocurrency is around 8%. Chainlink is down by more than 17% and Fantom, The Graph, Gala, and Elrond each lost 18%.

VeChain and AAVE have lost almost 17%. Theta Network, Harmony, Enjin Coin, Curve DAO Token, and Loopring each shed 19% of their value on news that Putin declared war on Ukraine.

PancakeSwap’s losses are just under 18%. Kadena has lost between 19-20% and Mina is down 20%. The biggest loser is Convex Finance, which shed almost a quarter of its value.

Trending

Unifty provides Contracts-as-a-Service solutions to enable digital artists and collectible issuers to create their own contracts for different purposes without coding knowledge. The token added 82% to its value in the last 24 hours.

Amid the gloom and doom, ACCEL is rallying on news of a Binance listing scheduled for today. The token has gained more than 18% in the last 24 hours. It is a multi-utility asset that claims to bring several real-world utilities to the crypto space.

  



Source link

related posts