Crypto markets are declining while market cap of tether is increasing

Crypto markets are declining while market cap of tether is increasing.

Image source: Shutterstock / Trijo News

Christian Ploog

christian.ploog@trijo.co

The world's biggest cryptocurrency bitcoin is currently trading at $3,449, which is around $20 lower than yesterday.

After a few days of soaring, the crypto markets have fallen back slightly over the last 24 hours. At the moment, around 87 of the 100 biggest cryptocurrencies show red numbers.

The market cap of all cryptocurrencies has also declined over the last 24 hours – from $115 billion yesterday to $112 billion today.

That is a $3 billion decline.

Xrp declines the most

When we look at the biggest cryptocurrencies, all of them show red numbers in the last 24 hours. Tether has once again regained the spot as the world’s fifth-biggest cryptocurrency, which may indicate that many have sold their crypto assets for the stablecoin in order to not be exposed to the crypto market.

Of the biggest cryptocurrencies, xrp (-3,89%) has declined most. This comes after the fact that the cryptocurrency recently rallied 15 percent in a short time.

Also ethereum (-2,29%) and eos (-0,63%) show red numbers. The world’s biggest cryptocurrency bitcoin (-0,80%) is currently trading at $3,449, which is around $20 lower than yesterday.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were binance coin (+8,38%) and odem (+3,33%), and the ones that performed the worst were revain (-12,79%) and nem (-9,05%).

Asset: Price: % (24h)*
Bitcoin $3 449,92 -0,80%
Xrp $0,304491 -3,89%
Ethereum $106,11 -2,29%
Eos $2,31 -0,63%
Tether $1,00 -0,43%

*All numbers in this article are from Coinmarketcap.com.

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