Bitcoin (BTC) is presently trading at $45,759, after another decline below $46,000. Most cryptocurrencies are also glowing red, with terra (LUNA) leading the pack following a significant double-digit gain.
Altcoins have been in a steep fall since the beginning of December, particularly following the massive collapse two weeks ago. Ethereum (ETH) dropped from over $4700 to $3500 in a single day. Even though it has made up a lot of ground since then, it is still trading below $ 4,000.
On a daily basis, however, the situation for most currencies seems to be improving. Binance coin (BNB) is now trading at $518, up 2.2 percent. Solan (4.5%), cardano (3%), ripple (1%), dogecoin (1%), polkadot (1%), and shiba inu (1%) all had a tiny green glow on Sunday. Regrettably, the majority of them have already succumbed.
On the other hand, Terra is the most outstanding performance among the large-cap alts. LUNA surged 14% in a single day, approaching $75. Consequently, this cryptocurrency surpassed Polkadot to become one of the top 10 most valuable cryptocurrencies by market capitalization (DOT).
The cryptocurrency market’s entire capitalisation grew by $50 billion in a single day to more than $2.2 trillion.
Additionally, the underlying cryptocurrency has seen significant fluctuation in recent months. It failed to break through the $51,000 level on December 12, and bears have knocked it several thousand dollars lower since then.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.