Cryptocurrency

The cryptocurrency market stabilised in the last 24 hours following large-scale falls from Thursday and over the weekend, but most major coins lost value.

The freefall was instigated when Russia’s central bank proposed a ban on the use and mining of cryptocurrencies on its territory.

Market leader Bitcoin (BTC) was one of the top coins to gain value. Its 2% rise puts it back above $36,000 at the time of writing (7am UK) but it remains 15% down in a week.

Avalanche (AVAX) was the other major to rise, gaining 1% to move above $62. It is 28% down over seven days.

Binance Coin (BNB) dropped 3% to $360, which puts it 24% down in a week.

Ethereum (ETH), the world’s second most valuable coin, also dropped 3% to around $2,375 and is 26% down in a week.

Ripple (XRP) also shed 3% to sit at 60c and is 22% down in a week, while Cardano (ADA) fell 4% leaving it at $1 and 35% down over seven days.

Terra (LUNA) fell 3% to $64 and is 17% down in a week.

 

Polkadot (DOT) is at $17.54, 1% down in the last 24 hours and 31% down over seven days.

Solana (SOL) shed 1% to $89 and is 36% lower than its price last Tuesday.

Meme coin Dogecoin (DOGE) is heading towards 13c thanks to a 3% drop. It is down 21% in a week, while its Ethereum-based spinoff SHIBA INU (SHIB) is down 5% in 24 hours and 29% over seven days.

 

The overall market cap of the almost 17,100 coins is at $1.62 trillion, down slightly in the last 24 hours.

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.