All eyes have been glued to cryptocurrency markets over the last week as a great majority of digital asset values plummeted to their lowest prices since last year. There’s been a slight price recovery and some consolidated sideways action taking place as some market observers have noted an attempt to reverse the trend may be in the cards. However, others think even though we could see a slight comeback it could end up materializing into another “dead cat bounce” leading to a bit more capitulation.
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The Top Cryptocurrencies Have Been Suffering From Deep Losses
For those who were hoping for some bullish cryptocurrency markets toward the end of the year, looking at the charts right now may be a bit depressing. The entire digital asset economy has lost well over $70 billion in the last two weeks and the plunge has come to a halt for now. This Friday, Nov. 23, the top digital currencies are down between 4-8% over the last 24 hours and the entire crypto-market capitalization is hovering around $144 billion. Cryptocurrency global trade volume, in general, is weaker than last week with only $14.8 billion swapped over the last 24 hours.
Bitcoin core (BTC) markets are down 4% today and one BTC is averaging a spot price of around $4,322. BTC has lost 22.6% over the last seven days and commands a total market valuation of about $75 billion. Ripple (XRP) commands the second spot today as each XRP is trading for $0.40 per coin. The currency’s market capitalization currently sits at $16.4 billion and has lost 13% over the course of last week. Ethereum (ETH) is showing a spot price of about $122 per
