Cryptocurrency Market Update: Bitcoin Down Over 12% Since Last Week

Bitcoin and other popular cryptocurrencies have experienced a significant drop in value over the past week. Bitcoin, the leading cryptocurrency, is down over 12% from last week, currently trading at $61,790.37. Ethereum, the second most popular token, has also fallen by 15.07% to trade at $3,022.59.

Other popular cryptocurrencies like BNB, XRP, Cardano, and Dogecoin have also seen declines in their value over the past week. Solana, Polka Dot, Shiba Inu, and Polygon have experienced even larger drops, with Solana down by 21.87% since last week.

Despite the overall downward trend, some cryptocurrencies have seen gains in the last 24 hours. Bitget Token, Injective, Sui, Chiliz, and Axelar are among the top gainers of the day.

Stablecoins like Tether and USD Coin have remained relatively stable, with minimal fluctuations in their value.

The total cryptocurrency market capitalization currently stands at $2.24 trillion, with a 3.31% increase over the last day. The market volume has also increased by 6.2% in the last 24 hours.

Overall, the cryptocurrency market continues to be volatile, with fluctuations in value across different tokens. Investors are advised to closely monitor the market and make informed decisions based on the latest trends and developments.