Cryptocurrencies have been facing a downfall in their prices the whole week and today was no exception. On 29 April, almost all top cryptocurrencies suffered a huge setback and remained in red while Tether showed a slight increase.
Table of contents
Let’s discuss an in-depth analyses of top cryptocurrencies
29 April 15:00 GMT
Source https://fintechzoom.com/cryptocurrencies/
Bitcoin
After the major downfall of Bitcoin below $40,000, it seemed to stabilize its position but the narrative changed today on 29 April. The Bitcoin suffered a 2.06% decrease with a current price of 38,936.90 USD at the time of writing.
In the past 7 days, Bitcoin has suffered an overall decrease of 0.97% with an all-time low of 37,762 USD. If we look at the price fluctuation of Bitcoin over 30 days, there is a whopping decrease of 14.22% which is worrisome for investors.
29 April 15:00 GMT
Source https://fintechzoom.com/cryptocurrencies/top-cryptocurrencies/bitcoin/
Ethereum
ETH is following the footsteps of its rival BTC and showed a decrease of 2.77% in the last 24 hours. With this downfall, Ethereum is currently standing at 2856,06 USD.
The downfall was not new for Ethereum as its price has been continuously falling over the past few weeks. Over the past 7 days, it suffered an overall decrease of 2.62% while a huge decrease of 12.96% over the last 30 days.
29 April 15:00 GMT
Source https://fintechzoom.com/cryptocurrencies/top-cryptocurrencies/ethereum-eth/
Tether
Just like every top cryptocurrency, Tether is also in red with a decrease of 1.65% over the past 24 hours. Currently, it is standing at 39087,16 USD.
If we look at its weekly performance, the coin showed a decrease of 0.02% while an overall decrease of 0.03% in the last 30 days.
29 April 15:00 GMT
Source https://fintechzoom.com/cryptocurrencies/top-cryptocurrencies/tether/
USD Coin
Unlike other top cryptocurrencies, USD coin has shown an increase of 0.05% and remained green for the past 24 hours. Currently, it stands at 1.000 USD.
As a stable coin, USD coin showed an increase of 0.01% in the past 7 days and an overall increase of 0.03% over the past 30 days.
29 April 15:00 GMT
Source https://www.investing.com/crypto/usd-coin/historical-data
Binance coin
With a decrease of 2.28% in the last 24 hours, Binance coin is currently standing at 397.8 USD. Like every top cryptocurrency, BNB is also facing a downfall and has been down by 0.83% in the past 7 days. Moreover, BNB coin faced a downfall of 7.84% over the past 30 days but it still ranked on the 4th in terms of trading volume and market capitalization.
29 April 15:00 GMT
Source https://www.investing.com/crypto/bnb/historical-data
Ripple
Unlike other top cryptocurrencies, XRP has shown a decrease of 5.28% and remained in red for the past 24 hours. Currently, it stands at 0.61 USD.
Ripple has shown a decrease of whopping 13.47% in the past 7 days and an overall decrease of 25.11% over the past 30 days.
29 April 15:00 GMT
Source https://fintechzoom.com/cryptocurrencies/top-cryptocurrencies/ripple/
Dogecoin
With a decrease of 1.60% in the last 24 hours, Dogecoin is currently standing at 0.13 USD. Unlike other top cryptocurrencies, DOGE’s price surged by 1.10% in the past 7 days. However, it faced a downfall of 2.14% over the past 30 days but it is still going strong and expected to grow by 50% by the end of 2022.
29 April 15:00 GMT
Source https://fintechzoom.com/cryptocurrencies/top-cryptocurrencies/dogecoin/
Conclusion
The fall in prices of cryptocurrencies in the past few weeks have made everyone concerned. With rising inflation and geopolitical crises, investors have been scratching their heads wondering what is in store for them next.
