Weekend wipeout as coins suffer widespread falls BusinessCloud

The cryptocurrency market plunged 5.3% in the last 24 hours while there were widespread losses over the weekend.

The overall market cap, at $2.17 trillion on Friday morning, has fallen to $2.03tr at the time of writing (7am UK), even as the rapidly growing number of coins approaches 12,000.

Related articles

Polkadot Price Likely to Crash xx% Despite Recent Protocol Upgrade

30 July 2024

Here’s Why UNI and Polkadot (DOT) Holders Are Flocking To Rollblock

28 July 2024

Market leader Bitcoin (BTC) dropped to around $45,750, having stood at just above $48,000 on Friday. The original cryptocurrency is 2% up over seven days.

However it is the only coin to have gained value in the last week. Smart contract blockchain platform Ethereum (ETH), the world’s second most valuable crypto, dropped 6% in the last 24 hours to $3,200 and is 3% down on last Monday morning.

ADVERTISEMENT

Cardano (ADA), in third spot in the valuation table following a meteoric rise, fell from $2.43 on Friday to $2.18, shedding 8% in the last 24 hours. The proof-of-stake blockchain platform is 11% down over seven days.

Binance Coin (BNB) fell from $423 on Friday to $393 today and is 2% down in a week.

API management platform Tyk secures £25m

There is now a mere $3 billion difference between XRP and Solana in the battle for sixth spot in the valuation league table.

Ripple’s coin, at $1.10 on Friday, fell below $1 thanks to an 8% fall in the last 24 hours, and is 8% down in a week.

Below it and now worth $43.3bn, SOL dropped from around $150 on Friday to $145 today, with 12% of that fall coming in the last 24 hours. It is 10% down in a week.

Meme coin Dogecoin (DOGE) shed almost 4 cents to 22c and is 8% down over seven days.

Polkadot (DOT) fell from almost $37 on Friday to below $32 on Monday and has shrunk 12% in a week.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below.