The latest state of the cryptocurrency market in the world
According to Iran Economist, citing Crypto, the shares of Coinbase Global decreased by eight percent in the early morning because the fall of the FTX exchange (FTX) continued to reduce the value of digital currencies and Bitcoin is still trading below the $16,000 mark.
The newly appointed CEO of now-bankrupt cryptocurrency exchange FTX has claimed control of the business is a complete collapse.
After the announcement of the merger of two rivals, Binance and FTX, a deal that ultimately fell through, Coinbase assured its customers that they would not be exposed to events from FTX and its token, but revealed that nearly 60 employees in Will lay off amid market fluctuations.
The largest U.S. cryptocurrency exchange fell 7.98 percent to $41.65 a share at 2:04 p.m. ET. The shares of this company have decreased by 83.50%.
Coinbase shares are near their lowest since the company went public in April 2021, falling nearly 10% in afternoon trading as the collapse of the merger deal between Binance and FTX dampened investor confidence.
Bitcoin was down 3.05 percent at $15,778 at 3:24 p.m. ET, trading at its lowest level since December 2020 after falling about 17.6 percent in the past month. At the same time, Ether fell 3.75% to $1,100 after losing nearly 15% over the past 30 days.
The total value of the global digital currency market is currently estimated at 790.06 billion dollars, which is 0.28% less than the previous day. Currently, 38.60% of the total digital currency market is owned by Bitcoin, which has decreased by 0.12% in one day.
The total volume of the digital currency market in the last 24 hours is 66.06 billion dollars, which has increased by 18.02%. The total volume in decentralized finance is currently $4.26 billion, which is 6.45% of the total 24-hour cryptocurrency market volume. The volume of all stablecoins is now $62.38 billion, which is 94.43% of the total 24-hour cryptocurrency market volume.
Cryptocurrency price update (up to 07:05 EST)
This category contains the price changes of the 10 largest digital currencies in terms of market capitalization.
1- Bitcoin
Price: 15,863.81 dollars
Price changes in the last 24 hours: 0.75% increase
Price changes in the last week: 5.72% decrease
2- Ethereum
Price: 1107.16 dollars
Price changes in the last 24 hours: 0.69% increase
Price changes in the last week: 1.05% decrease
3- Tether
Price: 988 dollars
Price changes in the last 24 hours: 0.00% decrease
Price changes in the last week: 0.02% increase
4- USD coin
Price: $1.00
Price changes in the last 24 hours: 0.01% decrease
Price changes in the last week: 0.02 percent decrease
5- Binance Coin
Price: $256.50
Price changes in the last 24 hours: 0.02% increase
Price changes in the last week: 0.92% decrease
6- Ripple
Price: $0.3582
Price changes in the last 24 hours: 0.08% decrease
Price changes in the last week increased by 2.18%
7- Cardano
Price: $0.3069
Price changes in the last 24 hours: 0.54% increase
Price changes in the last week: 1.07% increase
8- Solana
Price: $11.65
Price changes in the last 24 hours: 0.09% decrease
Price changes in the last week: 1.07% decrease
9 – Dogecoin
Price: $0.076
Price changes in the last 24 hours: 1.32% increase
Price changes in the last week: 0.86% increase
10- Polka dot
Price: $5.18
Price changes in the last 24 hours: 0.03% increase
Price changes in the last week: 1.04% decrease