Recovery in crypto markets slows down; BTC, ETH, BNB see slight downtrend

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The recov­ery in cryp­to mar­kets has slowed down. The glob­al mar­ket cap is down by 0.29 per cent in the last 24 hours and is at $ 900.84 bil­lion as of 7:30 AM IST, Coin­Mar­ket­Cap data showed.

Bit­coin is down by 0.55 per cent and is trad­ing at $20,413.

Ethereum also showed down­trend and is at $ 1,101 after slid­ing down 1.79 per cent.

The USDT Teth­er showed 0.00 change in its val­ue in the last 24 hours. 

Where­as the USDC sta­ble­coins showed 0.01 per cent pos­i­tive change and main­tained its peg at $1.

The BNB token slipped 0.36 per cent.

Solana rose by an insignif­i­cant 0.87 per cent.

XRP Rip­ple wit­nessed an uptrend of 0.15 per cent in the last 24 hours. 

The ADA token plum­met­ed 4.03 per cent.

Doge­coin showed some decent uptrend. The cryp­tocur­ren­cy rose by 15.17 6.90.

The glob­al cryp­tocur­ren­cy mar­ket cap has crashed to $ 900 bil­lion lev­els. It’s worth not­ing that the mar­ket cap was at $3 tril­lion rough­ly sev­en months ago at its all-time high.

Because of the cryp­to crash, Bit­coin ‘Fear and Greed’ Index has dropped to 6, indi­cat­ing extreme fear.

In oth­er news, Coin­base has low­ered pay­outs to social influ­encers due to “mar­ket conditions.”

TIME has part­nered with Sand­box to build a ‘Times Square’ in the metaverse. 

 A Cloud­flare issue is caus­ing mul­ti­ple out­ages across cryp­to exchanges.

 Accord­ing to data from Glassnode, Bit­coin min­ing rev­enues are cur­rent­ly 61 per cent low­er than their year­ly average.

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