The Shares Are On the Decline! How Will the Situation Recover? Bitcoin was trading at around $16,550 on Sunday, down 1.78% from a week ago. Other cryptocurrencies saw massive selloffs and dogecoin fell more than 10%. Markets in the United States will close on Monday. Crypto prices have fallen over the past week as dogecoin continues to post losses.
Crypto markets are trading high for the most part, while MicroStrategy has declined. Bitcoin was changing hands for $16,550 as of 10 a.m. EST Sunday, according to data from TradingView. The leading cryptocurrency by market capitalization is down 1.8% over the past seven days. Ether fell 2.1% in the same period. Altcoins fell even more than bitcoins and ethers during the week.
Ripple’s XRP is down 4% and memecoins have had a strong week. Dogecoin fell more than 10%, shiba inu fell 3% and dogelon mars fell around 5%. Crypto currency The Nasdaq fell 0.26%, while the S&P 500 lost 0.64%. Coinbase is up 1.8% on the week, according to Nasdaq data.
The cryptocurrency exchange rate reached $31.86 all time during the week, reducing the losses going into the weekend. Block was trading at $62.84 at the end of Friday, up 4.95% from last week. Shares of crypto bank Silvergate rose more than 4% to trade at $17.40. Michael Saylor’s MicroStrategy was in the red, falling 14.5% to trade around $141.
It was revealed this week that the company sold bitcoin for the first time, almost $ 12 million. The company said the sale was made for tax benefits. Markets in the United States are closed on Mondays to mark the New Year; Trading resumed Tuesday.