The cryptocurrency trading market experienced a very crazy decline, some investors lost up to 1 million dollars, what is the reason for the current coin price to decline?
In the global market generally bitcoin as the parent cryptocurrency experienced a sharp decline, Investors began to turn to NFt and the metaverse for profit, you can monitor the market via the link below
Bitcoin for today has decreased by 6.05% in just one day, which was initially $39,074 and has now reached $37,005 in just 1 day.
Then what about Ethereum at this time, Even though Ethereum is a very strong network today it is experiencing a decline as well, the cause of ethereum's decline can be a reference for bitcoin to be down, but Ethereum has a strong network so it doesn't fall far from the previous market price, Ethereum is experiencing down to 7.10% in one day, and will decline even further if bitcoin goes down,
You can see on the charts https://coinmarketcap.com
Shiba inu investors had a bad day because they decreased 12% in 1 day, currently the price of shiba inu is $0.00002398 which initially has reached a 3% increase to touch the price of $0.00003028, One of the factors that caused the price of shiba to decline is the price of bitcoin decreased, but other than that That's currently Shiba Inu investors are holding coins so that it is the main factor for the Shiba Inu price to decline, if we look at the chart on
https://coinmarketcap.com the current price of the shiba inu has dropped considerably to the bottom almost at the initial opening price of the shiba inu sale.