January 27, 2022

Why Bitcoin and other cryptos are dropping


The largest cryptocurrency Bitcoin is currently down by 4.5% over the past 24 hours and has been trading around $45,463. Bitcoin touched its all-time high mark of $64,000 in April. Other popular coins like Dogecoin, XRP, and Cardano also dropped in value along with the world’s most famous coin.

As we all know the nature of the crypto market is very volatile where you can see large swings or a sudden fall with no notice, thus people find it very risky to invest in this space. An upward trend can work wonders for you if you have invested in the right coin and a downswing can leave you with less amount of money than you invested.

Ether is at $3,120 with a change of -9.36% over the last 24 hours

Cardano is at $2.1 with a change of -10% over the last 24 hours

Binance Coin is at $384 with a change of -6.7% over the last 24 hours

XRP is at 0.9602  with a change of -11% over the last 24 hours

Solana is at 140 with a change of -13% over the last 24 hours

As always, regular volatility is probably the main factor behind a cryptocurrency selloff when traders are making a profit. However, there are some basic concerns that are likely to worry investors as well.

Along with Government’s attempt to regulate the 2 trillion dollar market like the SEC is attempting most notably with XRP and Coinbase and other big cryptos which has certain investors worried that it could throw the market off or destroy it, mostly because of cryptos dark dwellings with criminal organizations using crypto to launder money. They believe that once regulated a big drop in crypto will happen once criminals realize that governments have authority towards the crypto market.

The biggest worry is the hackers who have stolen hundreds of millions of dollars in cryptocurrencies in the past few weeks. A $ 600 million hack into the Poly Network hit the sector a awhile ago, but the funds have been returned.

This is a tiny $ 97 million jump last week that investors may only have heard of. The attackers have reportedly already “cleared” $ 20 million in non-recoverable cryptocurrencies, and perhaps most of the stolen cryptocurrencies have disappeared. If the risk of a hack continues to increase, it could be disastrous for cryptocurrencies in the long run.

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Stocks & Crypto

Name Price24H (%)
MMS Cash Token (MCASH)
$1.00
0.00%
Bitcoin (BTC)
$37,167.00
0.70%
Ethereum (ETH)
$2,400.41
-2.96%
Tether (USDT)
$1.00
0.02%
Binance Coin (BNB)
$390.89
3.73%
USD Coin (USDC)
$1.00
0.13%
Cardano (ADA)
$1.04
-3.23%
XRP (XRP)
$0.61
-2.40%
Solana (SOL)
$89.47
-3.40%
Terra (LUNA)
$53.82
-9.09%
Polkadot (DOT)
$18.08
-0.43%
Dogecoin (DOGE)
$0.141484
-1.96%
Avalanche (AVAX)
$64.53
-2.58%
Binance USD (BUSD)
$1.00
0.23%
Shiba Inu (SHIB)
$0.000021
0.36%
TerraUSD (UST)
$1.00
-0.23%
Polygon (MATIC)
$1.59
-0.44%
Crypto.com Coin (CRO)
$0.399530
-0.10%
Wrapped Bitcoin (WBTC)
$36,088.00
-2.15%
Dai (DAI)
$1.00
0.01%
Cosmos (ATOM)
$29.91
-8.23%
Litecoin (LTC)
$106.93
-0.21%
Vectorium (VECT)
$425.81
-3.49%
Near (NEAR)
$10.37
-8.62%
Algorand (ALGO)
$0.94
0.63%
TRON (TRX)
$0.056588
0.27%
OKB (OKB)
$21.05
-3.97%
Bitcoin Cash (BCH)
$288.74
-0.94%
FTX Token (FTT)
$38.27
4.38%
Fantom (FTM)
$2.07
-8.61%
Stellar (XLM)
$0.193362
-2.55%
Uniswap (UNI)
$10.29
-3.09%
Magic Internet Money (MIM)
$0.99
-1.08%
ECOMI (OMI)
$0.007505
-2.17%
Lido Staked Ether (STETH)
$2,410.57
-2.37%
Hedera (HBAR)
$0.388591
-3.51%
Hedera (HBAR)
$0.208562
-1.86%
Internet Computer (ICP)
$19.48
-1.90%
VeChain (VET)
$0.052293
-2.84%
Decentraland (MANA)
$2.26
3.66%
Axie Infinity (AXS)
$47.18
-5.56%
LEO Token (LEO)
$3.49
-2.60%
Ethereum Classic (ETC)
$24.27
-0.88%
Klaytn (KLAY)
$1.22
-1.11%
The Sandbox (SAND)
$3.41
9.58%
cETH (CETH)
$48.43
-2.18%
Filecoin (FIL)
$19.10
-1.57%
Theta Network (THETA)
$2.90
1.83%
Elrond (EGLD)
$141.28
0.25%
Helium (HNT)
$28.00
-3.14%
Frax (FRAX)
$1.01
0.39%
cDAI (CDAI)
$0.021911
0.03%
Monero (XMR)
$143.64
-3.28%
Tezos (XTZ)
$2.90
-2.44%
BitTorrent (BTT)
$0.002702
1.61%
The Graph (GRT)
$0.402723
-0.73%
cUSDC (CUSDC)
$0.022506
-0.20%
IOTA (MIOTA)
$0.80
-1.38%
Osmosis (OSMO)
$7.82
-7.64%
EOS (EOS)
$2.22
-0.23%
Harmony (ONE)
$0.178183
-4.19%
BitTorrent [OLD] (BTTOLD)
$0.002181
-0.35%
Aave (AAVE)
$144.17
-1.95%
PancakeSwap (CAKE)
$7.22
-3.51%
Theta Fuel (TFUEL)
$0.179914
9.77%
Bitcoin SV (BSV)
$89.07
-2.32%
Flow (FLOW)
$5.14
3.04%
Bitcoin Cash ABC (BCHA)
$86.90
-0.64%
Maker (MKR)
$1,759.97
2.65%
Radix (XRD)
$0.161622
-1.11%
Arweave (AR)
$30.16
-0.23%
TrueUSD (TUSD)
$1.00
-0.03%
Huobi BTC (HBTC)
$37,202.00
0.74%
Stacks (STX)
$1.41
0.91%
Enjin Coin (ENJ)
$1.58
0.99%
Kusama (KSM)
$163.75
-1.58%
Gala (GALA)
$0.188121
-11.11%
Amp (AMP)
$0.029144
-2.73%
Huobi Token (HT)
$8.84
1.46%
eCash (XEC)
$0.000072
-2.26%
NEO (NEO)
$18.09
-0.87%
Basic Attention Token (BAT)
$0.83
2.00%
Quant (QNT)
$92.28
-6.14%
KuCoin Token (KCS)
$16.16
-0.97%
Loopring (LRC)
$0.96
-11.23%
THORChain (RUNE)
$3.98
-2.67%
Celo (CELO)
$3.06
-0.17%
YooShi (YOOSHI)
$0.000003
-12.05%
Curve DAO Token (CRV)
$2.79
-3.32%
Oasis Network (ROSE)
$0.310748
-1.66%
Convex Finance (CVX)
$22.72
-15.11%
Zcash (ZEC)
$88.20
-1.93%
Pax Dollar (USDP)
$1.00
-0.11%
GateToken (GT)
$6.52
2.43%
SafeMoon (SFM)
$0.001743
2.18%
NEXO (NEXO)
$1.77
-1.09%
Voyager Token (VGX)
$0.194726
-94.51%
Waves (WAVES)
$9.74
-7.08%
Dash (DASH)
$91.44
-1.40%
Kadena (KDA)
$5.74
-2.18%
Chiliz (CHZ)
$0.175936
1.41%
Secret (SCRT)
$5.76
-3.74%
Synthetix Network Token (SNX)
$4.55
-2.52%
NEM (XEM)
$0.098218
0.22%
Celsius Network (CEL)
$2.05
-8.68%
yearn.finance (YFI)
$23,834.00
-2.16%
Bitkub Coin (KUB)
$9.38
-0.91%
Decred (DCR)
$60.16
-0.66%
Mina Protocol (MINA)
$2.27
-2.09%
Pocket Network (POKT)
$1.18
-5.68%
Compound (COMP)
$122.87
-2.53%
XDC Network (XDC)
$0.064220
-1.08%
Sushi (SUSHI)
$4.04
-5.58%
Holo (HOT)
$0.004380
-3.30%
cUSDT (CUSDT)
$0.021717
-0.03%
1inch (1INCH)
$1.58
-2.73%
LooksRare (LOOKS)
$4.00
4.81%
IoTeX (IOTX)
$0.074947
1.32%
Baby Doge Coin (BABYDOGE)
$0.000000
0.34%
Ravencoin (RVN)
$0.064700
-1.71%
renBTC (RENBTC)
$36,957.00
4.10%
JUNO (JUNO)
$16.62
-6.43%
e-Radix (EXRD)
$0.161179
-1.35%
Frax Share (FXS)
$17.64
-6.37%
Zilliqa (ZIL)
$0.044043
-2.47%
BitcoinStaking (BSK)
$47.23
216.25%
OEC Token (OKT)
$41.04
1.83%
Valkyrie Protocol (VKR)
$1.22
-13.48%
Livepeer (LPT)
$24.18
-0.12%
Marinade staked SOL (MSOL)
$91.89
-3.51%
OMG Network (OMG)
$4.21
-0.84%
Ankr (ANKR)
$0.071889
3.57%
Olympus (OHM)
$63.73
-6.41%
Qtum (QTUM)
$5.62
0.10%
WAX (WAXP)
$0.302295
3.67%
Bancor Network Token (BNT)
$2.32
-0.53%
Nexus Mutual (NXM)
$81.11
-2.08%
pTokens BTC (PBTC)
$45,430.00
-1.22%
Velas (VLX)
$0.245198
0.80%
IOST (IOST)
$0.023817
0.41%
APENFT (NFT)
$0.000002
-0.32%
SwissBorg (CHSB)
$0.57
-2.13%
Fei USD (FEI)
$1.00
-0.29%
Fei Protocol (FEI)
$1.00
-0.63%
Ronin (RON)
$3.55
-17.25%
WOO Network (WOO)
$0.59
-3.98%
Moonbeam (GLMR)
$6.60
-9.57%
Neutrino USD (USDN)
$0.98
0.49%
Bitcoin Gold (BTG)
$28.87
-0.93%
Syscoin (SYS)
$0.80
-4.82%
Immutable X (IMX)
$2.67
-9.32%
Decentralized Social (DESO)
$46.41
-7.06%
Dogelon Mars (ELON)
$0.000001
3.52%
Liquity USD (LUSD)
$1.03
0.15%
ICON (ICX)
$0.69
-0.48%
Rally (RLY)
$0.215417
-2.86%
Telcoin (TEL)
$0.007856
4.18%
Gnosis (GNO)
$258.64
-4.72%
Siacoin (SC)
$0.009656
-0.51%
Kava (KAVA)
$3.17
-1.49%
Convex CRV (CVXCRV)
$2.60
-6.41%
dYdX (DYDX)
$5.72
-2.15%
0x (ZRX)
$0.53
-1.47%
Verasity (VRA)
$0.067412
-5.65%
Horizen (ZEN)
$36.47
-1.08%
Rocket Pool (RPL)
$27.02
0.15%
GuildFi (GF)
$2.03
-6.23%
Audius (AUDIO)
$0.84
-5.47%
Nervos Network (CKB)
$0.014624
-3.37%
Cratos (CRTS)
$0.006222
0.65%
DeFi Kingdoms (JEWEL)
$6.77
-14.43%
Thorstarter (XRUNE)
$0.62
6.40%
Spell Token (SPELL)
$0.005083
-35.58%
Tether Gold (XAUT)
$1,804.66
-1.00%
Ontology (ONT)
$0.462538
1.04%
Wootrade Network (WOO)
$0.81
8.00%
Tomb Shares (TSHARE)
$9,907.15
-12.76%
Render Token (RNDR)
$2.48
-0.31%
Constellation (DAG)
$0.152526
0.00%
Anyswap (ANY)
$20.61
-5.53%
GXChain (GXC)
$4.64
173.82%
Ethereum Name Service (ENS)
$16.66
-2.69%
hi Dollar (HI)
$0.375993
0.76%
cBAT (CBAT)
$0.023192
6.02%
UMA (UMA)
$5.64
-4.13%
WazirX (WRX)
$0.79
-1.59%
Mirror Protocol (MIR)
$1.92
-2.09%
Perpetual Protocol (PERP)
$5.64
-2.20%
SKALE (SKL)
$0.112386
-5.49%
Dogebonk (DOBO)
$0.000000
14.70%
SuperRare (RARE)
$2.31
24.37%
Civic (CVC)
$0.52
-1.23%
PEAKDEFI (PEAK)
$0.334352
52.12%
Invictus (IN)
$1,344.61
2.71%
ParaSwap (PSP)
$0.72
-10.57%
My Neighbor Alice (ALICE)
$20.13
-10.39%
Vectorspace AI (VXV)
$9.02
9.54%
Sovryn (SOV)
$17.93
-0.77%
RedFOX Labs (RFOX)
$0.242411
-13.80%
Samoyedcoin (SAMO)
$0.120191
2.66%
Synapse (SYN)
$1.99
-8.25%
Rich Quack (QUACK)
$0.000000
-3.78%
Illuvium (ILV)
$548.94
-6.35%
CateCoin (CATE)
$0.000010
3.33%
Band Protocol (BAND)
$8.28
7.98%
Lido DAO (LDO)
$5.67
32.07%
Badger DAO (BADGER)
$34.68
12.62%
Snowbank (SB)
$3,867.87
1.07%
PAX Gold (PAXG)
$1,821.98
-0.87%
Flux (FLUX)
$1.52
-4.22%
Popsicle Finance (ICE)
$33.87
-7.71%
Gitcoin (GTC)
$23.64
79.82%
Taboo Token (TABOO)
$0.031889
10.27%
Proton (XPR)
$0.040012
6.89%
NKN (NKN)
$0.52
3.89%
FLEX Coin (FLEX)
$4.31
-4.77%
Radio Caca (RACA)
$0.001834
0.85%
AllianceBlock (ALBT)
$1.02
-7.55%
Keep3rV1 (KP3R)
$980.89
-10.55%
Polymath (POLY)
$0.371344
1.34%
Hive (HIVE)
$0.89
1.62%
BTC Standard Hashrate Token (BTCST)
$44.40
21.20%
DerivaDAO (DDX)
$12.37
143.65%
SingularityNET (AGIX)
$0.340248
4.09%
Golem (GLM)
$0.328681
0.63%
BitMart Token (BMX)
$0.369266
-5.06%
Doge Army Token (DGAT)
$0.000000
-18.42%
DigiByte (DGB)
$0.021550
-3.26%
Aave [OLD] (LEND)
$4.10
2.91%
Stratis (STRAX)
$2.36
18.61%
Ark (ARK)
$1.98
3.33%
FEG Token (FEG)
$0.000000
-9.82%
Beta Finance (BETA)
$2.01
-2.34%
Somnium Space CUBEs (CUBE)
$25.12
15.26%
PLEX (PLEX)
$1.36
10.23%
iExec RLC (RLC)
$4.43
3.79%
StormX (STMX)
$0.033770
4.03%
Ardor (ARDR)
$0.315715
36.98%
Orchid Protocol (OXT)
$0.53
-1.32%
Nano (XNO)
$2.36
-1.67%
DODO (DODO)
$1.14
-18.35%
Electroneum (ETN)
$0.017514
-11.29%
BakerySwap (BAKE)
$1.59
-7.46%
Sapphire (SAPP)
$0.396611
0.21%
Smooth Love Potion (SLP)
$0.010334
-10.04%
Tribe (TRIBE)
$0.68
-1.89%
Storj (STORJ)
$2.14
4.68%
Coin of the champions (COC)
$0.000001
25.93%
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