Home Tech Cryptocurrencies are falling steadily: Bitcoin loses 4%, Ethereum 7%

Cryptocurrencies are falling steadily: Bitcoin loses 4%, Ethereum 7%

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The FTX lawsuit continues to push the cryptocurrency market down, which recorded a new crash this Monday in November 2022.

this At the time of writing, Bitcoin has lost 3.48% It is trading at $16,069.96, an overall decrease of 4.11% from yesterday and on a weekly basis.

Sharp drop for Ethereum too It is trading at $1,116.57, down 7.52%, approaching the $1,000 threshold. The last seven days were marked by declines for the second most important token in the market, losing 11.23%.

bitcoin and Ethereum also pull altcoins down: this is the case of Cardano, which lost 6.39% and is currently trading at $0.3047, while Dogecoin lost 9.67% to $0.07575. Polygon instead lost 7.71% at $0.7984.

The distraction of Crypto, who lost nearly $400 million in Ethereum, could also weigh on this trend.

In short, the market looks far from its glory a few years ago, with Bitcoin and co at much higher levels than current levels during this period. Obviously, in such cases it is difficult to predict what will happen in the next few days and weeks, and the opinions of experts are mixed.

Source: Every Eye

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