- Most crypto asset holders currently experiencing losses, some over 90%.
- BTC, ETH, DOGE, and LTC demonstrate resilience amidst market turbulence.
- AVAX is one of the few cryptocurrencies to register a gain.
According to a recent tweet by on-chain analysis firm, IntoTheBlock, most crypto asset holders are currently experiencing losses. Some investors are facing losses of over 90% due to the recent market downturn. However, the firm also noted that certain cryptocurrencies could withstand the storm relatively well.
According to a recent tweet from IntoTheBlock, Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Litecoin (LTC) have demonstrated resilience amidst the recent turbulence in the crypto market. However, the same cannot be said for Cardano (ADA) and Avalanche (AVAX), as over 90% of their investors are currently experiencing losses. These findings highlight the importance of carefully assessing market conditions and making informed investment decisions.
Remarkably, amidst the recent market fluctuations, the top two cryptocurrencies, BTC and ETH, have proven to be the most reliable havens for investors seeking protection. As per the analysis by IntoTheBlock, a significant 61.47% of BTC investors have managed to stay profitable, while an impressive 59.48% of ETH investors have also remained in the green. These figures are a testament to the resilience and stability of these leading digital assets, providing a sense of security to investors in an otherwise volatile market.
According to the latest update from CoinMarketCap, the overall cryptocurrency market has experienced a slight dip of 0.56% in the past 24 hours. The total market capitalization is estimated to be around $1.06 trillion.
The two top cryptocurrencies have exhibited a similar trajectory in line with the broader market. Bitcoin (BTC) experienced a 0.85% decline over the past 24 hours, settling at $25,929.62. Similarly, Ethereum (ETH) recorded a daily loss of 0.40%, with its current trading price at $1,744.93.
The widely-known DOGE meme coin encountered a slight setback, experiencing a 0.21% loss, resulting in a current price of $0.06183. Meanwhile, LTC and ADA, two other altcoins, faced more significant drops in value, with LTC losing 1.15% over the past 24 hours, trading at $77.72, and ADA experiencing a 2.95% drop and changing hands at $0.2736. These fluctuations in the market demonstrate the volatility of the cryptocurrency industry.
AVAX emerged as one of the few cryptocurrencies that registered a gain in the past 24 hours. Consequently, the digital asset’s value climbed to $11.84, reflecting a modest yet noteworthy 0.45% surge.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
