Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$95,004.00
-0.02%$3,603.07
0.57%$2.61
15.62%$224.69
0.30%$650.89
2.97%$0.415148
2.05%$1.25
17.11%$1.00
0.01%$3,601.94
0.58%$51.42
12.85%$0.2385
16.69%$0.00002906
2.35%$6.63
3.61%$0.537628
6.88%$24.91
26.78%$4,276.96
0.43%$9.89
15.98%$0.355195
51.04%$94,845.00
-0.01%$3.67
14.68%$532.51
6.82%$3,605.52
0.79%$130.89
12.77%$7.37
13.29%$0.00002026
1.31%$14.15
10.45%$8.80
0.02%$14.08
13.32%$3,799.06
0.67%$14.16
12.54%$0.740078
28.43%$0.068514
48.23%$1.005
0.49%$0.200452
13.35%$33.68
7.71%$1.93
11.14%$1.001
-0.02%$0.57443
24.72%$8.82
7.69%$608.06
4.24%$7.26
8.43%$1.049
15.66%$0.154101
-1.61%$9.64
14.67%$2.45
12.35%$2.12
12.65%$235.00
7.59%$1.25
26.07%$7.86
7.53%$23.44
0.58%$3.65
1.21%$54.14
0.69%$173.73
3.73%$0.00004226
1.02%$3.16
4.42%$32.11
13.53%$2.49
7.83%$0.908631
3.50%$8.90
7.34%$0.307411
12.87%$2.90
3.38%$0.676102
13.18%$0.842569
1.12%$1.69
44.81%$3.27
4.52%$6.47
14.33%$0.00022608
1.64%$3,592.77
0.07%$1.55
-2.73%$0.050719
21.91%$141.07
28.78%$0.346798
19.47%$0.04093646
39.23%$2,209.18
23.99%$0.800993
31.71%$0.531437
15.04%$0.19454
-0.40%$1.00
0.36%$4,030.90
0.88%$0.03436612
18.09%$95,023.00
0.06%$0.180328
18.52%$1.14
20.84%$26.84
8.28%$0.499494
54.43%$1.14
5.87%$3,789.53
0.71%$1.65
6.16%$1.87
10.76%$0.739042
28.70%$0.710476
7.21%$1.18
4.12%$0.02957316
14.30%$8.74
4.09%$12.47
2.61%$3,701.98
0.69%$1.47
12.38%$74.07
7.39%$94,502.00
-0.17%$9.35
21.66%$4.97
1.08%$0.00000149
10.92%$11.38
2.71%$20.10
26.23%$1.51
3.65%$49.45
17.50%$3,706.64
0.15%$40.74
0.78%$0.710123
18.05%$1.77
10.64%$1.11
2.39%$1.24
11.17%$1.26
8.96%$277.70
0.00%$1.62
12.60%$1.63
6.32%$0.075533
11.54%$3,589.86
0.62%$72.85
26.10%$13.72
0.29%$0.118966
19.88%$0.233511
10.79%$95,188.00
0.86%$3.17
-0.03%$0.848535
23.66%$0.872567
12.32%$4.19
5.04%$0.00005227
9.90%$228.98
0.53%$3,790.01
0.79%$5.93
9.64%$94,112.00
-0.38%$0.348979
10.68%$1.46
3.84%$0.0174946
91.97%$1.078
13.53%$237.54
0.23%$0.00894565
8.93%$2.77
15.55%$94,663.00
-0.09%$3.16
10.37%$41.81
9.45%$0.00000218
-1.81%$0.413676
1.38%$0.00932097
2.93%$0.123075
21.55%$0.00014827
17.73%$0.01782978
14.01%$1.77
10.85%$0.218736
4.87%$2.18
4.55%$0.386173
9.71%$88.89
18.45%$3,604.53
0.68%$3.17
7.26%$3,606.77
0.77%$0.999117
0.17%$0.0017415
-0.34%$2.30
5.90%$0.666716
17.40%$273.13
2.59%$3.77
7.96%$0.701746
5.23%$43.47
13.39%$6.18
-1.08%$1.32
1.64%$1.50
10.48%$55.67
11.06%$12.95
-2.19%$0.49828
14.63%$3,911.59
0.80%$0.0065221
2.39%$2,644.28
-0.09%$0.03372309
31.77%$0.993461
-0.36%$0.00923034
6.71%$0.085169
11.50%$0.00354029
14.82%$35.39
5.35%$0.00762237
11.87%$1.50
7.10%$3,603.28
0.61%$0.340414
12.00%$0.327411
12.77%$0.088913
6.24%$0.234992
13.37%$9.73
0.53%$0.062669
17.17%$0.0000006
15.25%$0.00795231
22.90%$16.25
12.26%$10.17
12.54%$0.00000028
6.79%$0.584664
92.55%$1.03
11.37%$94,438.00
1.06%$0.00000456
28.54%$0.653528
20.94%$0.079818
1.74%$3,597.52
0.81%$0.540963
31.77%$1.28
10.04%$2.48
16.15%$2.54
6.91%$3,603.36
0.63%$2,637.78
0.09%$0.0159473
9.19%$0.557508
-6.37%$1.001
0.01%$0.0066382
5.38%$95,144.00
-0.26%$0.539767
-0.03%$1.24
2.24%$0.0074031
4.16%$0.879388
8.80%$0.336369
14.17%$94,859.00
0.09%$60.07
12.14%$1.002
-0.03%$0.496142
8.93%$4.55
8.11%$0.04878934
19.73%$0.999984
0.03%$6.16
2.65%$0.529315
10.12%$1.24
11.45%$4.48
16.60%$3,874.84
0.82%$0.421347
20.17%$0.03172016
24.03%$3,760.96
0.30%$3.40
0.56%$62.30
12.65%$0.637671
11.02%$3,604.96
0.79%$0.00767277
12.06%$31.56
2.92%$1.058
-0.51%$1.48
35.22%$5.26
12.56%$1.59
-1.68%$6.52
13.58%$0.424082
13.51%$3.36
6.65%$0.03024394
176.61%$0.574276
4.47%$0.603657
11.15%$0.04188618
13.14%Markets continued to slide on Friday—with Bitcoin, Ethereum and Solana all suffering double-digit seven-day losses.
Bitcoin was trading for $47,985.20 at the time of writing, a 15% decline over the past week. The largest digital asset is down over 30% from its all-time high of $69,044.77 one month ago, per CoinGecko figures.
Ethereum, the second biggest cryptocurrency by market cap, was also down 11.4% in seven days, trading for just over $4,000.
The altcoin market also mostly took a beating. Solana, an Ethereum-competitor and the fifth-biggest cryptocurrency, was trading for $173, shedding 25% of its value in a week.
Other altcoins that suffered heavy losses over the last seven days included Polkadot (down 23% in a week); Dogecoin (down 19%); Avalanche (down 21%). Almost all were down in the past day too.
What could be causing the big dip in prices? Decrypt reported yesterday that after Chinese real estate developers Evergrande and Kaisa were unable to make scheduled U.S. dollar bond payments, stock prices dipped—and cryptocurrency followed suit due to the large number of institutional investors with skin in the game.
Analyst and trader Alex Kruger told Decrypt today that it was also likely down to "year-end profit taking." "Think performance fees, bonuses, audits, wash sales, tax loss harvesting," he said. "It happens."
Bitcoin Cash developer Chris Troutner said that it was likely down to this too. He added that "prices always seem to dip before the end of the year"—except for last year, an exceptional year when "institutional investors piled into cryptocurrency to get ahead of inflation."
In 2018 and 2019, Bitcoin's price did dip at the end of the year. This could be down to "people selling to buy presents," he told Decrypt.
Whatever is causing the dip in prices, could a chilly crypto winter be around the corner?
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.