Hello lovely people of HIVE community. Hopefully you will be enjoying your life with good health and spirit. Friends, bloodbath in crypto world continue today. Almost 12 days ago global crypto market capitalization was around 2.5 trillion US Dollar which has reduced to 1.29 trillion US Dollar. Almost 1,210 Trillion US Dollars wiped out from crypto market in just less than 2 weeks. This reveals the big dip in crypto market. Market has reduced 18.3% worth in last 24 hours. Market is down after Chinese government decided to crackdown crypto currency.
King of coin BTC reduced 18.3% worth today and currently BTC is trading just below 33,000 USD. BTC has reduced almost 31,000 USD from its all time high worth which the coin achieved in current year. Coin has global capitalization of around 604 billion USD which at one stage was above 1,000 Billion USD.
Things are not going good for the world no 2 crypto currency. ETH which surpassed its all time high worth of 4,362 USD 11 days ago are trading at 1,952 US Dollar. Coins had last 2,410 USD worth in 11 days. In last 24 hours coin reduced 16.5% worth.
Big loss in unstable coins made stable coins USDT popular. USDT grabbed the third position in crypto world market with a global capitalization of 59.47 Billion USD leaving behind BNB coin.
Almost all coins in the market are red. Despite reducing 23.2% worth Cardano (ADA) grabbed the fourth position with market capitalization of 36 billion USD. Currently ADA is trading at 1.17 USD.
DOGE coin and BNB is just behind ADA with market capitalization of 35.4 billion and 34.6 bilion USD respectively. BND reduced almost 25% worth today.
HIVE has last 16.9% worth in last 24 hours and currently trading at 34.08 cent. Overall tough day for market. Lack of trust and FUD is the main reason of big dump in the market. Beside all this odds it is a good opportunity for investors to invest in the market. It will not only help to build trust people on coin but it will also help to strengthen market which will eventually help them to earn big profit.
In my opinion it is the time to show patience, and invest in the market if you have any investment. Each new day comes with new hope. Let's hope market will give better result and bullish run next week. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.