Dogecoin has shed a quarter of its value in 24 hours amid a crypto bloodbath seemingly triggered by a renewed clampdown on Bitcoin miners in China.
At the time of writing (7am), meme coin DOGE – which was created as a crypto parody – is down 26% on Monday morning, having plunged almost 40% in a week.
The overall market cap of the approximate 10,500 coins dipped 8% in the last 24 hours to $1.21 trillion, having topped $2.5tr in May. Not one of the top 100 coins gained in value, with DOGE faring the worst.
Ripple’s XRP coin fell 16% to below 62 cents, having sat at 84c on Friday morning. It is down by almost a third over seven days.
Ethereum (ETH) fell below $2,000 after a 9% drop. It is 26% down on its price seven days ago and worth less than half of its all-time-high of $4,338 on May 12th.
Forbes reported that Ether co-creator Vitalik Buterin, who became the world’s youngest crypto billionaire at age 27 in May, has lost $400m in the last seven weeks.
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Bitcoin (BTC) dropped 5% towards $32,600 in 24 hours and is down 19% over seven days.
Cardano (ADA), which recently topped the value of Coinbase but has since fallen behind by several billion dollars, is at $1.20 after suffering a 12% dip which puts it 24% below its value last Tuesday.
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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.
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Cryptocurrency