9 Out of the High 12 Crypto Property Are Down 70% to 90% Decrease Than the All-Time Highs Recorded Final 12 months – Markets and Costs Bitcoin Information


274 days or roughly 9 months in the past, the crypto economic system was price $2.34 trillion and at $967 billion the combination worth of all 13,192 crypto belongings is $1.48 trillion much less. Many of the prime digital currencies tapped an all-time worth excessive in November 2021 and right this moment, a terrific majority of the highest crypto belongings are down between 70% to 90% in worth towards the U.S. greenback.

9 Out of 12 Crypto Property Have Misplaced Vital Worth Since Final 12 months’s Worth Highs

It’s virtually a yr later because the world’s prime crypto belongings tapped all-time highs in 2021, and a large number of digital currencies have misplaced appreciable worth. The next is a have a look at the prime crypto belongings by market capitalization, with a purpose to see how a lot USD worth every coin has misplaced.

9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year
BTC/USD on October 2, 2022.

The main crypto asset by market valuation bitcoin (BTC) is at present buying and selling for costs between $19,078 to $19,377 per unit over the past 24 hours. Bitcoin is down right this moment, 72.1% decrease in USD worth than the all-time excessive ($69,044 per unit) printed on November 10, 2021.

Ethereum (ETH), the second-largest crypto coin by market cap, is buying and selling at costs between $1,289 to $1,317 per unit on Sunday. ETH has misplaced 73.2% in USD worth since reaching an all-time excessive (ATH) of $4,878 per unit on the identical day as BTC’s ATH.

9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year
ETH/USD on October 2, 2022.

The highest ten crypto asset positions have two stablecoins within the third and fourth positions by way of right this moment’s crypto market caps, which embrace USDT and USDC. BNB is the fifth largest crypto asset and right this moment’s 24-hour worth vary has been between $279 to $286 per BNB. The crypto asset BNB has misplaced 58.3% from the crypto’s ATH posted on Might 10, 2021.

On the time final yr, BNB was exchanging fingers for $686 per unit that day. The crypto asset xrp (XRP) didn’t attain a lifetime worth excessive in 2021, as XRP’s ATH was recorded on January 7, 2018. XRP has been buying and selling for costs between $0.45 to $0.47 per unit on Sunday, and the value is down 86.4% decrease than the ATH recorded 4 years in the past.

9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year
SOL/USD on October 2, 2022.

The seventh place within the prime ten crypto market caps right this moment is occupied by the stablecoin BUSD. The eighth largest crypto asset is cardano (ADA), which is exchanging fingers right this moment for $0.42 to $0.43 per unit. ADA has misplaced 86.1% in USD worth since September 2, 2021, again when ADA reached an ATH of $3.09 per unit.

Solana (SOL) is buying and selling for $32.31 to $33 per SOL on October 2, 2022, and because the $259 per coin ATH on November 06, 2021, 11 months in the past, SOL is down 87.4%. The tenth largest crypto asset is the meme coin dogecoin (DOGE), which has traded for $0.059 to $0.0609 per unit. DOGE has misplaced 91.8% because the ATH recorded on Might 8, 2021, when dogecoin reached $0.731 per DOGE over a yr in the past.

The eleventh largest crypto asset polkadot (DOT) is buying and selling for $6.20 to $6.32 per DOT. Roughly 11 months in the past on November 4, 2021, DOT was 88.5% larger in USD worth at $54.98 per DOT. Lastly, the twelfth largest crypto asset by market valuation, shiba inu (SHIB) is swapping for $0.00001094 to $0.00001122 per unit. SHIB has misplaced round 87.1% in worth towards the U.S. greenback after it was buying and selling for $0.00008616 on October 28, 2021.

Tags on this story
all-time highs, ATH, Bitcoin (BTC), bnb, BUSD, cardano (ADA), crypto belongings, Dogecoin (DOGE), Ethereum (ETH), Final 12 months, Market Valuations, Markets, November 2021, polkadot (DOT), Worth ATHs, Costs, shiba inu (SHIB), Solana (SOL), U.S. greenback costs, USDC, USDT, XRP

What do you concentrate on the highest 12 crypto asset market caps and the way a lot they’ve misplaced since their all-time worth highs? Tell us what you concentrate on this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising right this moment.

Picture Credit: Shutterstock, Pixabay, Wiki Commons


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