{"id":9794,"date":"2021-09-13T12:26:48","date_gmt":"2021-09-13T11:26:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=9794"},"modified":"2021-09-13T12:26:58","modified_gmt":"2021-09-13T11:26:58","slug":"btc-eth-and-ada-all-drops-by-double-digits-over-the-last-week","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/btc-eth-and-ada-all-drops-by-double-digits-over-the-last-week\/","title":{"rendered":"BTC, ETH, and ADA all drops by double digits over the last week"},"content":{"rendered":"\n
Some of the industry's largest cryptocurrencies including BTC, ETH and ADA have crashed by as much as 25% over the last seven days, according to CoinGecko. <\/h5>\n\n\n\n
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\u201cIn terms of Bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, this is a fairly typical market pattern\u2014a correction of sorts after a significant bullish period,\u201d Jason Deane, Bitcoin analyst at Quantum Economics told Decrypt. <\/p>\n\n\n\n

Bitcoin<\/a> \u2014the industry's flagship cryptocurrency\u2014has fallen by 13.6% in the last week to a current price of $44,604. The drop has come despite historic news for the asset, when it became legal tender in El Salvador<\/a> last week. <\/p>\n\n\n\n

In the midst of a slew of controversies surrounding Bitcoin, which has been embraced by El Salvador's President Bukele despite protests from the world's largest financial institutions and warnings from the United Nations.<\/p>\n\n\n\n

Despite the price decline, Deane believes that long-term holders and investors should not be concerned about the stock.<\/p>\n\n\n\n

Cryptocurrency markets are in free fall. The performance of other cryptocurrencies has been even worse than that of Bitcoin in recent weeks.<\/p>\n\n\n\n

One such cryptocurrency is Ethereum<\/a> (ETH), which is frequently referred to as Bitcoin's biggest competitor among all other cryptocurrencies. The cryptocurrency Ethereum has dropped nearly 18.3 percent in the last seven days, to a current price of $3,227.<\/p>\n\n\n\n

The decline in the price of Ethereum<\/a> is also at odds with some of the most recent data regarding the cryptocurrency. <\/p>\n\n\n\n

Cardano (ADA) has dropped by 18 percent to $2.39, and Dogecoin (DOGE) has plummeted by a whopping 24.9 percent to $0.23. <\/p>\n\n\n\n

Elsewhere in the cryptocurrency industry, Cardano<\/a> (ADA) has dropped by 18 percent to $2.39, and Dogecoin (DOGE) has plummeted by a whopping 24.9 percent to $0.23. <\/p>\n\n\n\n

Binance Coin (BNB) has also been suffering from a cold spell, with its price dropping by 21 percent in the last week to a current level of $395.<\/p>\n\n\n\n

Unless otherwise stated, the author's views and opinions are strictly for informational purposes only and do not constitute financial, investment, or other professional advice.<\/p>\n\n\n\n

According to a report published by cryptocurrency exchange Kraken, the Ethereum network's much-anticipated London hard fork upgrade, as well as the resurgent NFT market, the majority of which runs on the Ethereum network, were all contributed to crypto growth.<\/p>\n\n\n\n

Despite the fact that this will be of significance to traders seeking to profit from short-term volatility. <\/p>\n\n\n\n

It will be largely irrelevant to holders and macro-level investors who are looking at the bigger, longer-term picture and continuing to quietly accumulate the asset, according to him.<\/p>\n","protected":false},"excerpt":{"rendered":"

Some of the industry’s largest cryptocurrencies including BTC, ETH and ADA have crashed by as much as 25% over the last seven days, according to CoinGecko. \u201cIn terms of Bitcoin , this is a fairly typical market pattern\u2014a correction of sorts after a significant bullish period,\u201d Jason Deane, Bitcoin analyst at Quantum Economics told Decrypt. […]<\/p>\n","protected":false},"author":13,"featured_media":9797,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,71,21],"tags":[152,193,128],"class_list":["post-9794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-markets","category-news","tag-bitcoin","tag-cardano","tag-ethereum"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/image-128.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=9794"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9797"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=9794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=9794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=9794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}