{"id":14982,"date":"2021-12-04T14:54:03","date_gmt":"2021-12-04T14:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/crypto-economy-loses-billions-in-market-downturn-bitcoin-price-slips-more-than-25-in-30-days\/"},"modified":"2021-12-04T14:54:03","modified_gmt":"2021-12-04T14:54:03","slug":"crypto-economy-loses-billions-in-market-downturn-bitcoin-price-slips-more-than-25-in-30-days","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/crypto-economy-loses-billions-in-market-downturn-bitcoin-price-slips-more-than-25-in-30-days\/","title":{"rendered":"Crypto Economy Loses Billions in Market Downturn, Bitcoin Price Slips More Than 25% in 30 Days"},"content":{"rendered":"

A great number of cryptocurrencies dropped considerably in value during the early morning hours (after 12:00 a.m. EST) on December 4. At the time of writing, the crypto economy is down more than 16% and the price of bitcoin slid below the $50K zone to a low of $43,972 per unit. Since then, bitcoin has managed to climb back to just above the $47K per unit position.<\/strong><\/p>\n

Crypto Economy Value Dives<\/h2>\n

Digital currency markets have lost significant value during the last 24 hours as billions have left the crypto economy in a matter of hours. Currently, the crypto economy and its 11,388 coins in existence have lost more than 16% in USD value. Bitcoin (BTC<\/a>) slipped from the $53K per unit region to $43.9K during the first hour of Saturday morning.<\/p>\n

The downward slide took BTC<\/a> down 17.16% but the crypto asset has since regained 7.28% following the market carnage. BTC<\/a> has managed to rise above the $47K region and has an overall market valuation of around $895 billion. Seven-day statistics indicate bitcoin (BTC<\/a>) has lost 11.5% but 30 day stats show the price is down 25.2%.<\/p>\n

The second-largest market valuation, held by ethereum (ETH<\/a>), lost 13.9% during the last 24 hours but seven-day metrics indicate ether is only down by 2.2% after reaching its all-time high (ATH) last week. The biggest loser in the top ten was dogecoin (DOGE) as it shed 21.9% in 24 hours. Polkadot (DOT) lost 21.7%.<\/p>\n

While solana (SOL) is up 0.6% for the week, SOL lost 18.2% during the crash. XRP<\/a> took a 19.8% dive and cardano (ADA<\/a>) slipped 17.5% during the last 24 hours. Binance coin (BNB<\/a>) was the only top ten contender to manage to stave off the losses as it only shed around 12.7% during the drop.<\/p>\n

BTC<\/a>\u2019s market dominance today is 38.4% of the crypto economy while ethereum (ETH<\/a>) commands 20.2%. Ether has a market capitalization of around $470 billion at the time of writing. Today there is $243.8 billion in global trade volume and stablecoin volume captures $147 billion worth of those trades.<\/p>\n

The stablecoin economy\u2019s overall valuation today is $156 billion or 6.67% of the $2.32 trillion crypto economy. While a great majority of coins lost considerable value, except for stablecoins, ecash (XEC) is still up 7.2%.<\/p>\n

Today\u2019s biggest losers include fantom (FTM) down 27.7%, and theta network (THETA), which dropped 27% during the crypto market slide.<\/p>\n

What do you think about the recent crypto market downturn? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nMarket Updates, Bitcoin, Bitcoin (BTC), crypto assets, crypto economy, December 1, Digital Assets, Ethereum (ETH), Market Dump, Market Prices, Market Slide, Markets, Stablecoins, Top Ten, trading<\/p>\n","protected":false},"excerpt":{"rendered":"

A great number of cryptocurrencies dropped considerably in value during the early morning hours (after 12:00 a.m. EST) on December 4. At the time of writing, the crypto economy is down more than 16% and the price of bitcoin slid below the $50K zone to a low of $43,972 per unit. Since then, bitcoin has…<\/p>\n","protected":false},"author":0,"featured_media":14983,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14982"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14982"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14983"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}