The crypto market experienced a decline in today’s trading Tuesday (8/6) morning. As for the cryptocurrency king, Bitcoin has fallen by 10% over the past week. Moreover, in the last 24 hours Bitcoin fell 7.08% to the level of US$33.72K.
Quotes coinmarketcap.com, the price of ethereum also lost 5.6% in the last 24 hours, parked at US$2,604.
In addition, a coin with the Shiba Inu logo dogecoin, dropped 9.6% in the last 24 hours. This equates to 0.18% in a week and sells for US$0.3353 per chip.
In the same vein, binance coin fell 8.53% over the last 24 hours and perched at the level of US $ 363.41. However, on a weekly basis, binance coin has increased by 2.35%.
Then, XRP recorded a 10.52% correction in the last 24 hours or 18.61% in the last 7 days, anchored at the position of US$ 0.8626 per chip.
Which Coin Dropped the Most?
The thorchain coin plunged the most at 15.32% in the last 24 hours. Thorchain is down 26.2% in the last 7 at $9.29 per coin.
As for other coins that have decreased, namely phantom, klaytn, qtum, compound, curve dao token, to siacoin. Overall, the global crypto market saw a 6.83% decline from a total market capitalization of US$1.55 trillion in the last 24 hours.
Although it fluctuates and does not have a secure guarantee, investing in cryptocurrencies is still one of the favorite choices of investors. Various world governments have also colored the ‘drama’ of the ups and downs of crypto assets.
From China which totally banned financial institutions in its country from serving crypto money transactions to the Joe Biden government which tightened crypto transactions after it was alleged the US government was investigating the possibility of money laundering through crypto assets.
Several countries have legalized the use of crypto assets, such as Japan, Denmark, South Korea, Finland, Nigeria, and others.
In Indonesia, crypto assets are still prohibited as payment instruments and are considered as futures exchange commodities, so it doesn’t matter as long as they are used as investments or commodities traded by market participants.