{"id":1702,"date":"2023-03-04T17:02:22","date_gmt":"2023-03-04T22:02:22","guid":{"rendered":"https:\/\/embarrdowns.com\/crypto-market-suffers-1-02-drop-bitcoin-and-ether-reach-weekly-losses\/"},"modified":"2023-03-04T17:02:22","modified_gmt":"2023-03-04T22:02:22","slug":"crypto-market-suffers-1-02-drop-bitcoin-and-ether-reach-weekly-losses","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/crypto-market-suffers-1-02-drop-bitcoin-and-ether-reach-weekly-losses\/","title":{"rendered":"Crypto Market Suffers 1.02% Drop; Bitcoin and Ether Reach Weekly Losses"},"content":{"rendered":"

The crypto market has seen a tumultuous time in the past 24 hours as the total market capitalization dropped 1.02% to US$1.07 trillion.[0]<\/a><\/sup> The total trading volume also decreased by 12.30% to US$42.65 billion.[1]<\/a><\/sup> Bitcoin (BTC) fell 3.22% in the past 24 hours to US$22,827 as of 09:30 a.m. in Hong Kong, according to CoinMarketCap data, extending its weekly loss to 4.78%.[1]<\/a><\/sup> Ether decreased 3.19%, settling at US$1,602, representing a 3.33%[1]<\/a><\/sup><\/p>\n

The top crypto gainers for the day were Stacks (STX), up by 16.45% to $0.8723, and Solana (SOL), up by 1.44% to $22.89.[2]<\/a><\/sup> On the other hand, the top losers were BinaryX (OLD), down by 9.23% to $137.53, and Polygon (MATIC), down by 2.61% to $1.22.[3]<\/a><\/sup><\/p>\n

The market is expected to continue its bearish trend in the coming days as investors are concerned with the financial woes of crypto-focused US bank Silvergate Capital Corp. As a result, top crypto exchanges have cut down their collaboration with Silvergate.[4]<\/a><\/sup><\/p>\n

Analysts expect Bitcoin to continue its decline and reach the $20,000 mark, liquidating longs at approximately $20,800.[5]<\/a><\/sup> Other altcoins such as Dogecoin (DOGE) and Ripple (XRP) are also expected to see a dip in their prices in the near future. Investors should be aware of the risks associated with trading cryptocurrencies and should exercise caution before making any decisions.[6]<\/a><\/sup><\/p>\n

0. <\/span>“Latest Crypto Price: Bitcoin Up 1.06%, Ethereum Gains 2.14%” Outlook India, 27 Feb. 2023, https:\/\/www.outlookindia.com\/business\/latest-crypto-price-bitcoin-up-1-06-ethereum-gains-2-14–news-265720<\/a><\/a><\/p>\n

1. <\/span>“Bitcoin slides below US$23,000 in broad crypto price slump” Forkast News, 3 Mar. 2023, https:\/\/forkast.news\/headlines\/bitcoin-below-23k-ether-slides-price-slump\/<\/a><\/a><\/p>\n

2. <\/span>“Cryptocurrency Price Today: Most Popular Coins Like Bitcoin, Ethereum Gain As NEM Becomes Biggest Loser” ABP Live, 4 Mar. 2023, https:\/\/news.abplive.com\/business\/crypto\/cryptocurrency-price-today-in-india-march-4-check-market-cap-bitcoin-ethereum-merge-dogecoin-solana-litecoin-ripple-xrp-binance-token-qnt-prices-gainer-loser-1586068<\/a><\/a><\/p>\n

3. <\/span>“Crypto Prices Today: Polygon, Polkadot Slip Over 2%, Meme Crypto Falls Around 1%” CoinGape, 2 Mar. 2023, https:\/\/coingape.com\/crypto-prices-today-polygon-polkadot-slip-over-2-meme-crypto-falls-around-1<\/a><\/a><\/p>\n

4. <\/span>“Bitcoin Miners Foresaw Current BTC Plunge, Analyst Says – Here’s What Happened” U.Today, 3 Mar. 2023, https:\/\/u.today\/bitcoin-miners-foresaw-current-btc-plunge-analyst-says-heres-what-happened<\/a><\/a><\/p>\n

5. <\/span>“Bitcoin, Ethereum, Dogecoin Rise: Analyst Warns ‘Ugly’ Bond Market Selloff Could Pull Apex Crypto Down To $21.5K …” Investing.com UK, 27 Feb. 2023, https:\/\/uk.investing.com\/news\/stock-market-news\/bitcoin-ethereum-dogecoin-rise-analyst-warns-ugly-bond-market-selloff-could-pull-apex-crypto-down-to-215k-2928655<\/a><\/a><\/p>\n

6. <\/span>“CryptoSlate Daily wMarket Update: Ethereum leads large caps on 24-hour performance” CryptoSlate, 27 Feb. 2023, https:\/\/cryptoslate.com\/cryptoslate-daily-wmarket-update-ethereum-leads-large-caps-on-24-hour-performance<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto market has seen a tumultuous time in the past 24 hours as the total market capitalization dropped 1.02% to US$1.07 trillion.[0]<\/a><\/sup> The total trading volume also decreased by 12.30% to US$42.65 billion.[1]<\/a><\/sup> Bitcoin (BTC) fell 3.22% in the past 24 hours to US$22,827 as of 09:30 a.m. in Hong Kong, according to CoinMarketCap data, extending its weekly loss to 4.78%.[1]<\/a><\/sup> Ether decreased 3.19%, settling at US$1,602, representing a 3.33%[1]<\/a><\/sup><\/p>\n

The top crypto gainers for the day were Stacks (STX), up by 16.45% to $0.8723, and Solana (SOL), up by 1.44% to $22.89.[2]<\/a><\/sup> On the other hand, the top losers were BinaryX (OLD), down by 9.23% to $137.53, and Polygon (MATIC), down by 2.61% to $1.22.[3]<\/a><\/sup><\/p>\n

The market is expected to continue its bearish trend in the coming days as investors are concerned with the financial woes of crypto-focused US bank Silvergate Capital Corp. As a result, top crypto exchanges have cut down their collaboration with Silvergate.[4]<\/a><\/sup><\/p>\n

Analysts expect Bitcoin to continue its decline and reach the $20,000 mark, liquidating longs at approximately $20,800.[5]<\/a><\/sup> Other altcoins such as Dogecoin (DOGE) and Ripple (XRP) are also expected to see a dip in their prices in the near future. Investors should be aware of the risks associated with trading cryptocurrencies and should exercise caution before making any decisions.[6]<\/a><\/sup><\/p>\n

0. <\/span>“Latest Crypto Price: Bitcoin Up 1.06%, Ethereum Gains 2.14%” Outlook India, 27 Feb. 2023, https:\/\/www.outlookindia.com\/business\/latest-crypto-price-bitcoin-up-1-06-ethereum-gains-2-14–news-265720<\/a><\/a><\/p>\n

1. <\/span>“Bitcoin slides below US$23,000 in broad crypto price slump” Forkast News, 3 Mar. 2023, https:\/\/forkast.news\/headlines\/bitcoin-below-23k-ether-slides-price-slump\/<\/a><\/a><\/p>\n

2. <\/span>“Cryptocurrency Price Today: Most Popular Coins Like Bitcoin, Ethereum Gain As NEM Becomes Biggest Loser” ABP Live, 4 Mar. 2023, https:\/\/news.abplive.com\/business\/crypto\/cryptocurrency-price-today-in-india-march-4-check-market-cap-bitcoin-ethereum-merge-dogecoin-solana-litecoin-ripple-xrp-binance-token-qnt-prices-gainer-loser-1586068<\/a><\/a><\/p>\n

3. <\/span>“Crypto Prices Today: Polygon, Polkadot Slip Over 2%, Meme Crypto Falls Around 1%” CoinGape, 2 Mar. 2023, https:\/\/coingape.com\/crypto-prices-today-polygon-polkadot-slip-over-2-meme-crypto-falls-around-1<\/a><\/a><\/p>\n

4. <\/span>“Bitcoin Miners Foresaw Current BTC Plunge, Analyst Says – Here’s What Happened” U.Today, 3 Mar. 2023, https:\/\/u.today\/bitcoin-miners-foresaw-current-btc-plunge-analyst-says-heres-what-happened<\/a><\/a><\/p>\n

5. <\/span>“Bitcoin, Ethereum, Dogecoin Rise: Analyst Warns ‘Ugly’ Bond Market Selloff Could Pull Apex Crypto Down To $21.5K …” Investing.com UK, 27 Feb. 2023, https:\/\/uk.investing.com\/news\/stock-market-news\/bitcoin-ethereum-dogecoin-rise-analyst-warns-ugly-bond-market-selloff-could-pull-apex-crypto-down-to-215k-2928655<\/a><\/a><\/p>\n

6. <\/span>“CryptoSlate Daily wMarket Update: Ethereum leads large caps on 24-hour performance” CryptoSlate, 27 Feb. 2023, https:\/\/cryptoslate.com\/cryptoslate-daily-wmarket-update-ethereum-leads-large-caps-on-24-hour-performance<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":1701,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1702"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=1702"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/1701"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=1702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=1702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=1702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}