Crypto Market May Not Be Heading for a Bull Run Just Yet

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The crypto market has bled a significant amount over the last 24 hours, shedding off 2.75% of its collective market cap. This is according to the crypto market tracking website, CoinMarketCap. As a result, the global crypto market cap stands at $969.11 billion at press time.

Within the last 24 hours, all of the top 10 cryptos by market cap have printed losses as they deviate from their weekly momentum.

Polygon (MATIC) posted the biggest daily loss of the top 10 cryptos and is currently down more than 6.19%. The altcoin is, however, up over the last 7 days by 6.66%. CoinMarketCap shows that MATIC is now trading at $0.945.

The two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH) are down 2.17% and 3.53% respectively over the last 24 hours. Currently, BTC is trading below the $21k level at $20,810.06, while ETH’s price sits at $1,527.01.

The price of Binance Coin (BNB) is down 4.21%, bringing its price down to $289.94 at press time. Meanwhile, Ripple (XRP) is down 0.92%. As a result, XRP is changing hands at around $0.3839.

Cardano (ADA), one of the Ethereum-killers, experienced a 5.35% drop in price over the last 24 hours. As a result, its price is trading at $0.3326.

Lastly, Dogecoin (DOGE) is trading at $0.08085 after it printed the second-highest 24-hour loss of the top 10 cryptos, with its price down 8.71% at press time.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.


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