Nine of the top 12 crypto assets are down 70% to 90% from their all-time highs set last year – Markets and Prices Bitcoin News

274 days or about 9 months ago, the crypto economy was worth $2.34 trillion, while the combined value of all 13,192 cryptoassets was $967 billion, a decrease of $1.48 trillion. Most of the top digital currencies hit all-time highs in November 2021, and today, the vast majority of top cryptoassets are down 70% to 90% in value against the U.S. dollar.

9 of 12 cryptoassets have lost value substantially since last year’s price highs

Nearly a year has passed since the world’s top crypto asset hit an all-time high in 2021, and a large number of digital currencies have depreciated.Let’s take a look Top Crypto Assets Mark by market cap to see how much dollar value is lost per coin.

Nine of the top 12 crypto assets are down 70% to 90% from last year's all-time highs
Bitcoin/USD on October 2, 2022.

Market-leading crypto assets Bitcoin (BTC) It is currently trading between $19,078 and $19,377 per unit over the past 24 hours. Bitcoin fell today, with the U.S. dollar valued 72.1% below its all-time high of $69,044 per unit set on November 10, 2021.

Ethereum (ETH)The second-largest crypto coin by market cap, traded between $1,289 and $1,317 per unit on Sunday. Ethereum The dollar has lost 73.2% in value since reaching an all-time high (ATH) of $4,878 per unit on the same day BitcoinATH.

Nine of the top 12 crypto assets are down 70% to 90% from last year's all-time highs
Ethereum/USD on October 2, 2022.

In terms of today’s cryptocurrency market capitalization, two stablecoins are in the third and fourth positions in the top 10 crypto-asset positions, including USDT and USD/USD. BNB is the fifth largest crypto asset, with a 24-hour price range today between $279 and $286 BNB. Crypto Assets BNB The cryptocurrency ATH lost 58.3% from the May 10, 2021 release.

At that time last year, BNB It changed hands that day at $686 per unit.Crypto assets Ripple (Ripple) Lifetime price highs not reached in 2021 as RippleThe ATH was recorded on January 7, 2018. Ripple It was trading between $0.45 and $0.47 per unit on Sunday, down 86.4% from the ATH four years ago.

Nine of the top 12 crypto assets are down 70% to 90% from last year's all-time highs
SOL/USD for October 2, 2022.

Stablecoins occupy the seventh spot in the top 10 cryptocurrencies by market cap today USD/USD. The eighth largest crypto asset is Cardano (ADA)which changed hands today at $0.42 to $0.43 per unit. ADA Since September 2, 2021, the US dollar has lost 86.1% in value. ADA Up to an ATH of $3.09 per unit.

Sunshine (SUN) On October 2, 2022, SOL was trading at $32.31 to $33 per token, down 87.4% since ATH of $259 per token on November 6, 2021, 11 months ago.The 10th largest crypto asset is meme coins Dogecoin (DOGE), The trading price per unit is $0.059 to $0.0609. DOGE has fallen 91.8% since its ATH record on May 8, 2021, when Dogecoin hit $0.731 per DOGE a year ago.

Eleventh largest crypto asset Polka Dot (DOT) Each DOT trades at $6.20 to $6.32. About 11 months ago on November 4, 2021, the dollar value of DOTs rose 88.5% to $54.98 per DOT. Finally, the twelfth largest cryptoasset by market cap, Shiba Inu (SHIB) Exchange $0.00001094 per unit for $0.00001122. After SHIB traded at $0.00008616 on October 28, 2021, it lost about 87.1% against the US dollar.

tags in this story

all-time high, ATH, Bitcoin (BTC), bnb, USD/USD, Cardano (ADA), Crypto assets, Dogecoin (DOGE), Ethereum (ETH), last year, market valuation, market, November 2021, Polka Dot (DOT), Price ATH, price, Shiba Inu (SHIB), Sunshine (SUN), USD price, USD/USD, USDT, Ripple

What do you think of the top 12 cryptoassets by market cap and how much have they lost since their all-time highs? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News at Bitcoin.com News and a fintech reporter living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News on the disruptive protocols emerging today.




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