Bitcoin, Ethereum, Dogecoin Continue to Plunge as End of 2022 Approaches: Analyst…

Bitcoin, Ethereum, Dogecoin Continue to Plunge as End of 2022 Approaches: Analyst…

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Major coins traded lower than the world on Tuesday night cryptocurrency The market cap fell 0.8% to $807.1 billion as of 7:15 p.m. EST.





Price development of major coins
coin 24 hours 7 days Price
Bitcoin BTC/USD -1.5% -1.4% $16,708.61
ether ETH/USD -1.4% -0.5% $1,212.28
Dogecoins DOGE/USD -2.8% -1.5% $0.07





Top 24-hour Gainers (data from CoinMarketCap)
cryptocurrency 24-hour % change (+/-) Price
Terra classic (LUNK) +7.9% $0.00017
Crowd (QNT) +3.4% $114.26
OKB (OKB) +3.5% $23.98

See also: How to buy altcoins with an IRA in 2022

Why it matters: Bitcoin and Ethereum traded lower, although other risky assets, such as stocks, were largely flat. At the time of writing, US stock futures were slightly in the green.

On Tuesday, the S&P 500 fell as bond yields rose and investors took stock of what lies ahead for the year ahead.

The benchmark 10-year Treasury yield rose 10.4 basis points to 3.851% after climbing to a five-week high of 3.862%, Reuters reported.

Among the events of the day, Loyal Investments submitted three brand investments to the United States Patent and Trademark Office for a variety of Web3 goods and services – including an NFT marketplace and a Cryptocurrency trading platform.

on bitcoin, Michael van de Poppe said that Bitcoin is “in final pre-rollover support.” The trader said, “If this is lost I think we’ll be looking at $16.1k and/or $15.7k. Gotta break $16.8k again too.”

mood noticed that Litecoins LTC/USD The price ratio relative to bitcoin remains “large” since major addresses emerged at historical prices in May. Since June 12, the LTC/BTC price ratio has increased by 130%, according to the market research platform. On Tuesday, the number of addresses with 1,000 or more LTC rose to 4,232 – the highest level since 2020.

Among other altcoins…

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