Bitcoin has held steady from yesterday after a horror week which saw the number one token drop 20 per cent since May 5.
Bitcoin is currently valued at US$30,816, which is an over 50 per cent fall from its all time high in November.
Ethereum rebounded 1.6 per cent from yesterday and is now valued at US$2,348.
Meanwhile, several of the top ten tokens saw slight gains from yesterday with Solana being the biggest gainer, claiming 3.17 per cent.
Also Read: Three crypto ETFs set to get listed in Australia this week
As the rest of the market has been left reeling from Bitcoin’s sudden crash in this past week, one altcoin has managed to buck the trend. TRX, the native token of the Tron network.
The token was valued at 7.2 US cents on 5 May but has increased to its current value of 7.7 US cents.
In April, Tron announced plans for a new stablecoin similar to the Terra network. However, Tron has been using the Tether stablecoin, which has served it well. According to data from CoinMetrics, there is more Tether on the Tron network than there is on Ethereum.
Winners and Losers
Image Source @ 2022 Kalkine Media®
Data Source: CoinMarketCap.com, based on top 100 cryptos.
Note: Growth from the 24 hours prior to 12:30pm AEDT
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
This news is republished from another source. You can check the original article here