Cryptocurrency

Ethereum and Dogecoin suffered the most as the world’s major cryptocurrencies were hit by a price crash in the last 24 hours.

At the time of writing (7am UK), Ether (ETH) shed 8% to drop below $2,000.

That is a 15% decline over seven days as analysts ponder whether Chinese crypto miners’ widespread dumping of decommissioned mining equipment following a crackdown is going to trigger a ‘crypto winter’.

Meme coin Dogecoin (DOGE) dropped to 20 cents, an 8% fall in 24 hours and 16% in a week.

Bitcoin (BTC), the world’s most valuable cryptocurrency, fell from $34,200 yesterday morning to below $33,000. The 4% drop puts it 6% down on last Tuesday.

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Ripple’s XRP coin is at 62c after shedding 4% in the last 24 hours – a 9% fall in a week.

Cardano (ADA) is at $1.29 after a 5% fall which means its seven-day price is down 11%.

Binance Coin (BNB) suffered a 6% drop to $309 and is 3% down in a week.

Synthetix (SNX) and KuCoin Token (KCS) were the worst hit among the 100 most valuable coins, dropping 14% and 13% respectively.

The overall market cap of the approximate 10,800 coins is at $1.34 trillion, a 5% fall in 24 hours.

Revain (REV) bucked the trend with a 13% rise but is 2% down on a week ago.

To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

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. 

Cryptocurrency