Update on the Crypto Crash as of July 13, 2022: The market capitalization of all cryptocurrencies fell by over 2% to $871 billion on the previous day.
Crypto Crash (13 July): According to CoinMarketCap statistics at the time of writing, the worldwide cryptocurrency market cap decreased by about 2% to $871 billion in the past day due to intense selling pressure on holders and rumours of high US CPI numbers (8.13 am, India time).
While the entire volume in DeFi was $4.81 billion, or 8.64 percent of the total 24-hour volume of the crypto market, the volume of the global crypto market climbed by 4 percent to $55.61 billion during the past 24 hours. All stablecoins combined had a 24-hour volume of $50.94 billion, or 91.50 percent of the total volume of all cryptocurrencies.
The day-over-day dominance of Bitcoin (BTC) dropped by 0.10 percent to 42.72 percent, and its price once more changed hands below the $19,500 mark. Over 2% of BTC’s price has been lost in the previous 24 hours. BTC was now worth $19,498 at the time of writing. The price of BTC has dropped by 1.83 percent during the past week.
Changing Crypto Rupee Index
In the previous day, the CoinSwitch Crypto Rupee Index (CRE8) decreased by more than 1% to Rs 2308. CRE8 tracks cryptocurrency market activities in Indian rupees.
Highest Cryptocurrency Prices on July 13
Ethereum (ETH): In the previous day, the price of Ethereum dropped by 3.26 percent to $1055. The price of ETH has dropped by 5.46 percent during the past week. It is presently the second-largest cryptocurrency asset.
Binance (BNB): In the previous day, the price of Binance Chain token dropped 0.8 percent to $223.67. BNB’s price has dropped by over 3% during the past week. It is presently the fifth-largest cryptocurrency asset.
XRP: In the previous day, the price of the XRP currency dropped 0.27 percent to $0.3136. The price of XRP has dropped by 2.5 percent during the past week. It is presently the seventh-largest cryptocurrency.
Solana (SOL): In the previous day, Solana’s price dropped by 2.47 percent to $33.05 per share. The price of SOL has dropped by more than 5% during the past week. It is presently the 9th largest cryptocurrency asset.
Cardano (ADA): In the previous day, the price of the Cardano token dropped by over 4% to $0.4215. The price of ADA has dropped by 6.26 percent during the past week. It is presently the eighth-largest cryptocurrency asset.
The price of Dogecoin (DOGE) decreased by over 3% over the previous day. Currently, DOGE is placed tenth. DOGE was worth $0.06052 at the time of this publication.
Polkadot’s (DOT) cost dropped by 3.28 percent to $6.38. The price of Avalanche (AVAX) dropped by more than 3% to $16.99 during the previous day. On CoinMarketCap, DOT and AVAX are presently rated 12th and 17th, respectively.
Over the previous day, the cost of Polygon (Matic) decreased by 5.77 percent to $0.5479. In the last week, MATIC’s price has increased by 10.26%. It is is ranked number 18 on CoinMarketCap.
Shiba Inu (SHIB) fell 3.5 percent the day before, reaching $0.00001011. It is now ranked number 14 on Coin Market Cap.
