The crypto market remained on its overall lower trajectory over the past 24 hours, as most major cryptos registered steep declines. Overall, the crypto market has lost more than $140 billion since yesterday.
Yesterday’s market action was lower. The SPX500 lost 1.06%, while the DJ30 dropped 0.89% and NASDAQ100 plummeted 1.53%.
Netflix shares plunged 1.48% due to its missed subscriber growth forecasts.
Bitcoin dropped more than 7% to below $40,000. A number of the top 10 cryptos, including Ethereum and Cardano, suffered losses greater than 7%, falling below $40,000.
The majority of coins that fell out of the top 100 lost between 7 to 9%. Chainlink, Algorand (both 12%) and NEAR Protocol (13%), were two notable standsouts. They all fell out the top 20.
Secret suffered a 17% loss, Yearn Finance, Loopring and Yearn Finance lost 15%, Theta Network was unable to maintain 11%, the metaverse token SAND lost 12%, Harmony lost 13%.
UNUS SED LEO, a utility token that’s used across the iFinex ecosystem, is today’s only winner. It gained 3% in 24 hours.
Today, Project X Nodes token PXT has a 529% increase in price. The 100 founders created the network to help grow a successful node type project.
The network’s purpose is to create, nurture, and run a passive income cryptocurrency with an inclusive, ethical community of global supporters. After a node is established, passive income generation can begin.
Today’s live SUKU price is $0.57, with a trading volume of $65.6 Million over the 24-hours. SUKU’s price has risen 57% in the last 24 hour.
Beta Finance is an Ethereum-based permissionless money market that allows for lending, borrowing and shorting crypto assets. This market is rapidly growing in popularity. Today, it gained 28%.