Bitcoin (BTC), the most valuable crypto asset in the market, sagged below $33,000. The price of Bitcoin, which has lost close to 5 percent daily, has lost 15 percent in the last week. While the market value of Bitcoin decreased to $ 628 billion, the market dominance rate of crypto money increased by 1 percent to 42 percent today. The rise in the Bitcoin dominance rate reflects more severe losses in altcoins.
The largest altcoin Ethereum (ETH) has dropped by as much as 6% today and has dropped to $2,400. On a weekly basis, the value loss is at the level of 14 percent.
Among the top 10 cryptocurrencies, Terra native token LUNA was the altcoin that saw the hardest decline. LUNA fell hard amid concerns that the coin would lose its stability as a result of the high volumes of sales seen over the weekend in the stable crypto asset UST of the Terra ecosystem. LUNA, which has lost 22 percent since the weekend, was trying to hold on to the $ 60 level towards the evening hours.
Among other high-value altcoins, BNB slumped as low as $330 while XRP dropped to $0.53 and is currently changing hands at its July 2021 price. Solana fell below $72 and continues to seek new ground below the 2022 low of $78 seen in March, seeing a weekly close below $75.
Cardano (ADA) was the altcoin with the most daily depreciation in the top 10. The ADA price dropped close to $ 0.66, down close to 10 percent today. The ADA bottomed out at $0.77 for the last time this year in February.
While the top 100 cryptocurrencies are generally in a bearish trend, the two altcoins that can survive today are recorded as Waves and Near Protocol. Waves is moving in the $14 band with a daily rise of nearly 10 percent. Near Protocol, on the other hand, has a 6 percent increase and is in the $11 band.
The popular altcoin of the last days, Tron (TRX), which acted against the market during the weekend, succumbed to the selling pressure of the market today and gave back half of the approximately 30 percent value gained over the weekend.
The altcoin that saw the heaviest loss in the top 100 is currently Algorand (ALGO). Algorand (ALGO), which attracted attention with a 21 percent gain on the last day of the week, gave back more than half of its earnings with a loss of 14 percent at the opening of the week and moved to the 0.65 dollar band.
STEPN (GMT), one of the new altcoins of the top 100, took the second place with a loss of 13 percent, while the popular altcoin Shiba Inu (SHIB) fell by 12.5 percent daily to $ 0.000016.