It is worth noting that the popular digital token is trading far below its record high of $69,000 it had hit in November last year. The total cryptocurrency trading volume in the last 24 hours is at $77.1 billion with Bitcoin dominance at 45.7% and Ethereum dominance at 15.4%.
Cardano witnessed a massive fall at 10.9% trading at $0.522211, Solana dropped even further at 13.6% trading at $32.43. Dogecoin fell 12.8% at $0.066169 on Sunday morning, while Shiba Inu dropped 13.4% at $0.00000886. Other digital currencies including Avalanche, Polkadot, Polygon all witnessed a start drop in prices on Sunday.
The losses in cryptocurrencies have been deepening since earlier this, with everything from Bitcoin to Ether to Solana either setting or approaching their lowest levels of the year.
The MVIS CryptoCompare Digital Assets 100 Index, a market cap-weighted measure which tracks the performance of the 100 largest tokens, declined 4.9%, bringing the drawdown for the year to almost 50%.
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...