TRX leads market, $100B wiped from total crypto market cap, as ETH transaction values soar over 100%

2023-8-18 12:30

All major cryptocurrencies saw a sharp decrease in their values following a massive sell-off yesterday, Aug. 17.

The global market cap of the crypto industry fell 8% to $1.06 trillion, wiping out over $100 billion.

The trading session affected the performance of prominent cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Ripple (XRP), and Binance Coin (BNB). Bitcoin suffered a substantial hit, plummeting from over $29,000 to $25,300 in U.S. after-hours trading. By press time, BTC has made a slight recovery, stabilizing at $26,450. Nevertheless, it marked a 7.45% drop from the previous 24 hours and an overall decrease of 11.98% in the past month.

The price drop was most severe on Coinbase, as the price never breached $26,000 on rival exchange Binance. The chart below shows the lows for BTCUSD trading pairs across Binance (orange) and Coinbase (blue.)

Source: TradingView

Despite the sharp drop, Bitcoin still maintains a considerable 48.4% market dominance.

The chart below is indexed to 100 from Monday, Aug. 14, to illustrate the relative percentage change across the top cryptocurrencies.

Source: TradingView

Ethereum (ETH), the second-ranking digital asset by market capitalization, was not exempted from market turbulence. ETH is trading around $1,690, having experienced a 6.02% drop over the last 24 hours and an 11.35% fall over the past month. Meanwhile, BNB Chain (BNB) also suffered a downturn, trading at $218.702, showing a 5.46% decrease in the last 24 hours and a 10.07% drop over the past month.

However, Tron (TRX) showed a comparatively resilient performance, with only a 2.41% decrease in the last 24 hours and a 9.99% decline over the past month to reach a trading price of $0.072.

The daily transaction amount on Tron rose to 1.442 billion TRX from 1.033 billion TRX, approximately 39%, on Aug. 17. Comparatively, on Ethereum, the average transaction value increased to $3,374 from $1,577, approximately 113.8%.

Given the relative performance of the two assets, the on-chain data highlights the difference in network activity, which led to an increased sell-off for Ethereum.

Ripple (XRP) demonstrated the most drastic reduction among the top five, with its price dropping by 13.65% in the past 24 hours alone and an overall 38.09% decrease in the past 30 days to stand at $0.508.

Symbol Price 24hr 7 day 30 day BTC $26,447.20 -7.45% -10.01% -11.98% ETH $1,689.13 -6.02% -8.55% -11.35% TRX $0.07282 -2.41% -5.63% -9.99% XRP $0.50830 -13.65% -19.76% -38.09% BNB $218.702 -5.46% -8.99% -10.07%

 

 

The post TRX leads market, $100B wiped from total crypto market cap, as ETH transaction values soar over 100% appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market crypto 100 values cap global massive

Источник: cryptoslate.com

market crypto → Результатов: 126


Фото:

Pullix (PLX) Sees TRX, MATIC and LINK Holders Keeping Tabs After Adding Over 20K Watchers On CoinGecko In A Day

At this point in the crypto market, where the price of several cryptocurrencies is haywire, throwing or leaving all of your coffers in one crypto would be the least smart move. While many shrewd traders are looking to diversify, Pullix (PLX) is ranking as a top choice in the DeFi market. Meanwhile, as top cryptocurrencies […]

2024-3-11 23:55


Фото:

Rising stablecoin supply shows an influx of capital into the crypto market

Last week, Bitcoin rode the bullish wave it got on last fall and broke above the coveted $52,000 level. Bitcoin regaining almost all of its losses since the collapse of FTX is a significant milestone for the industry that has been struggling to get out of a bear market for the better part of the […] The post Rising stablecoin supply shows an influx of capital into the crypto market appeared first on CryptoSlate.

2024-2-20 06:00


Фото:

Bybit and Wintermute optimistic about options trading as crypto market rebounds

In the wake of the recent crypto market resurgence, Bybit and Wintermute, key players in the industry, have expressed optimism about the future of options trading. As the market rebounds from recent challenges, the collaboration between these two entities stands out, providing a unique perspective on the evolving dynamics of the crypto space. Bybit OTC […]

2023-12-27 14:35


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Memecoin $PEPE Surges As Whales Accumulate Profits

The Ethereum memecoin $PEPE has seen a remarkable surge, hitting an all-time high of $0.00001127 today with a market cap surpassing $4.5 billion.  This represents a significant gain of over 11% for the day and 32% over the past 7 days, making it the second largest crypto memecoin in the […]