The cryptocurrency community continues to suffer heavy losses, as more cryproasset holders exit the market, plunging the total market value by -16.65%, as investors shed their investment from risk, IgbereTV reports
With investors taking flight out of major digital currencies such as Bitcoin, Ethereum, Cardano, Solana and Dogecoin, the cryptocurrency market lost a whopping $235.36 billion within 24 hours.
This was as a result of -33.8% dip in Solana, which recorded the highest loss when compared to other cryptoassets aforementioned, as sell off dragged its asking price down to $44.16.
Dogecoin, which once enjoyed massive marketing from the richest person in the world, Elon Musk, slumped to $0.07704 as at the time of filing this report, depreciating by -28.9% against Wednesday’s opening of $0.1084.
Following suit, Cardano, saw its market value hit a downward path to $0.4598, after a dip of -26.8%, having opened trading at $0.6288 per coin at the early hours of the previous day.
Ethereum wasn’t immune from the downward trajectory of the crypto market, shedding -18.2% of its market price due to sell off among its holders, to currently trade at $1,920.55, in contrast to the $2,342.75 it began trading a day before
