decrypt.co
Almost all largest cryptocurrencies from the top 10 broke out of their long-drawn price corridors today—but not in the direction their holders were probably hoping.
At the time of writing, the price of Bitcoin (BTC) has dipped by just under 6% in the last 24 hours, dropping to about $32,650, per crypto metrics platform Nomics. Meanwhile, Ethereum (ETH) slid down to $2,180, losing 8.25% on the day.
Other major cryptos “don’t feel so good” today either. Binance Coin, the fundamental token of the decentralized finance ecosystem developed by leading crypto exchange Binance, retracted to $316, down almost 5% on the day.
Cardano (ADA) suffered a similar dip to $1.37, down by nearly 4%. XRP, whose developer Ripple Labs is still locked in a legal battle with the U.S. Securities and Exchange Commission, dropped to around $0.62, down 6.55%. Polkadot (DOT) is down by about 7.67%, trading at $15.58.
In its turn, Dogecoin (DOGE) has seen the biggest daily drop among the 10 cryptos so far. The meme coin is currently down by 8.28% on the day and trades at around $0.215. Judging by the last week, even tweets from Dogecoin cheerleader Elon Musk are no longer able to put wind in the cryptocurrency's sails.
It's not all red candles, though; NFT platform Flow has enjoyed a boost of almost 20% in the last 24 hours, bringing its price to $15.14. Gaming tokens Decentraland and Axie Infinity have also continued their upward trend from yesterday, up 4.58% and 2.25% respectively.