Cryptocurrency

The cryptocurrency market continued to plunge over the weekend.

It entered freefall on Thursday after Russia’s central bank proposed a ban on the use and mining of cryptocurrencies on its territory.

The overall market cap of the more than 17,000 coins is at $1.62 trillion (7am UK), down from 1.83tr on Friday morning and more than $2tr earlier in the week.

Binance Coin (BNB) fell from $426 on Friday to $370, which puts it 24% down in a week.

Avalanche (AVAX) fell from $76 to $61 and is 31% down over seven days.

Ethereum (ETH), the world’s second most valuable coin, dropped from $2,850 to $2,450 and is 25% down in a week.

Polkadot (DOT) is at $17.63 having stood at $22.24 on Friday morning. It is 34% down over seven days.

Solana (SOL) dived from $125 to $90 with a seven-day price down 37%.

 

Ripple (XRP) shed 8 cents to sit at 61c and is 20% down in a week, while Cardano (ADA) fell from $1.24 to $1.06, putting it 30% down over seven days.

Market leader Bitcoin (BTC) dropped from below $39,000 to below $35,300, an 18% fall since last Monday morning.

Terra (LUNA) fell from $77 to below $66 with a seven-day price of -22%.

Meme coin Dogecoin (DOGE) is below 14c having shed more than 1c since Friday morning. It is down 20% in a week, while its Ethereum-based spinoff SHIBA INU (SHIB) is down 27%.

 

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.