The latest crypto news today suggests that the market is volatile and the trends are not favourable enough for the digital currencies in this domain. In addition, the fact that the crypto meltdown is not going to cease anytime soon is also known to people. This has been affecting the price performance of major cryptocurrencies largely. Moreover, Bitcoin (BTC), the largest virtual currency, has lost immense value and is still trading below the $20,000 mark.
Latest Crypto News Today In A Nutshell
The overview of the latest crypto news today has been provided here. The price actions of the prominent cryptocurrencies have been noted here. The data has been sourced from CoinMarketCap, a leading crypto price-tracking site.
1. Bitcoin (BTC)
It is the first and largest digital currency. The Bitcoin price was up by 0.67% and traded at $19,285.77 at the time of writing on Monday, October 17, 2022. The market capitalization of the crypto was $369.92 billion, up by 0.57%. In addition, the 24-hour trade volume of BTC surged by 34.09% and stood at $20.29 billion. However, the fact that the largest digital currency is far below its all-time high cannot be denied. Further, the Bitcoin price has not even been able to recover to the $20,000 level.
2. Ethereum (ETH)
The second-largest virtual currency, Ethereum, was also in the ‘green’. The ETH crypto price was up by 1.93% and traded at $1,310.93 at the time of reporting on Monday, October 17, 2022. The market cap of the crypto was $160.42 billion, up by 1.64%. Further, the 24-hour trade volume of ETH gained by 33.04% and stood at $8.3 billion.
3. Ripple (XRP)
The most controversial cryptocurrency, XRP, saw its price go down by 3.76% and traded at $0.4671 at the time of drafting this article on Monday, October 17, 2022. The market valuation of the crypto was $23.34 million, losing 3.79% in value. On the contrary, the 24-hour trade volume of XRP skyrocketed by 90.53% and stood at $1.38 billion.
4. Cardano (ADA)
The Yoroi wallet hero, Cardano, witnessed its value go up slightly by 0.32% and traded at $0.3692 at the time of writing on Monday, October 17, 2022. The market cap of the crypto was $12.6 million, up by 0.31%. Also, the 24-hour trade volume of ADA rose by 8.62% and stood at $344.34 million. The token saw a see-saw trade session as it fluctuated between the red and green price metrics frequently.
5. Solana (SOL)
Another popular crypto investment option, Solana, was up by 1.64% and traded at $30.42 at press time on Monday, October 17, 2022. The market valuation of the crypto was $10.81 billion, up by 0.92%. Moreover, the 24-hour trade volume of SOL increased by 12.16% and stood at $618.92 million. The cryptocurrency saw sharp rises and falls during the day.
The crypto news update today shows that most of the prominent cryptos were in the ‘green’. However, three were a host of them losing value. In addition, the ones that were gaining saw extreme price fluctuations making it an unfavorable time to think of investing. The crypto market is thus expected to remain volatile for longer.