Prominent cryptocurrency units are currently in the midst of a major price correction, with some posting double-digit losses.
wither (LEFT), shiba inu (SHIB), terra (LUNA) and polkadot (DOT) was among the biggest drop in value, losing more than 10% in the last 24 hours. LEFT fell as much as 16%.
of bitcoin (BTC), too, we can’t say it’s doing well: the largest digital asset has lost more than 8%. BTC hit a local low of $45,750 on Bitstamp exchanges before buyers managed to take steps to correct the bulls’ impasse. The sharp drop was expected by some market analysts, who were wary of Bitcoin’s illusory recovery that took place on Sunday.
The top cryptocurrency also dropped below its 200-day moving average and is currently trading near the main support level.
The significant decline was accompanied by a sell-off in the US stock market. All three major indices are currently trading in the red in anticipation of the Federal Open Market Committee (FOMC) meeting this week.
A trend-breaking token
In the big sale, there is only one exception: Revain (REV). The native token of the eponymous blockchain-powered review platform has risen 21% in the past 24 hours, bringing its market cap to nearly a billion dollars.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.