The global crypto market is now valued at $1.27 trillion, down 2.12% from the previous day. Over the last 24 hours, the entire crypto market volume has declined by 7.13 percent to $49.39 billion dollars. On Monday, major cryptocurrencies, led by Dogecoin, were trading lower.
Traders made money on a few of the digital tokens. The meme token has lost up to 6% of its value. Except for dollar-denominated tokens, all significant crypto tokens.
After Ethereum co-founder Jackson Palmer lambasted the cryptocurrency sector in a series of tweets, Anthony Di lorio, another crypto entrepreneur and Ethereum co-founder, has announced that he is "quitting" the field.
The current Bitcoin price at the time of press is $31,309.97 USD, with a 24-hour trading volume of $17,794,010,309 dollars. In the previous 24 hours, Bitcoin has lost 1.25 percent of its value.
Bitcoin (BTC) has been locked in a month-long decline due to unstable trading conditions. Given the lack of upside momentum and significant resistance on the charts, a break below $30,000 is highly likely.
The current cryptocurrency is $1,864.69 US dollars, with a 24-hour trading volume of $13,069,376,559 US dollars. In the previous 24 hours, Ethereum has lost 5.01 percent of its value.
Tether is now trading at $1.00 USD, with a 24-hour trading volume of $35,149,840,439 USD. Tether has gained 0.00% in the previous 24 hours.
With a 24-hour trading volume of $1,255,254,156 USD, the current Binance Coin price is $296.62 USD. In the previous 24 hours, Binance Coin has lost 3.03 percent of its value.
With a 24-hour trading volume of $1,095,662,849 USD, the current Dogecoin price is $0.176461 USD. In the previous 24 hours, Dogecoin has lost 7.37 percent of its value.
According to a new survey conducted by personal finance comparison site Finder.com, half of those polled predict Bitcoin will exceed fiat money, or central bank-issued currencies, by the year 2040. While the sample size is small - the analysis is based on a panel of 42 cryptocurrency experts, according to Finder.com - it demonstrates that Bitcoin's price drop from its all-time high in April had little effect on crypto experts' long-term outlook.