The prices of crypto tokens continue to plummet amid growing fears and panic around an incoming recession. Investors are quickly selling off riskier assets like cryptocurrencies which are adversely affecting the dominance of the broader cryptocurrency market in the economic and financial domains. Several crypto exchanges are on the verge of bankruptcy as they continue to lose millions of dollars. Experts suggest that the recent turmoil in the crypto market poses serious financial threats due to the heightened volatility, structural vulnerabilities, and its increasing links to the broader centralized financial market. Today, Analytics Insight enlists the top cryptocurrency prices for July 12, 2022.
Bitcoin: US$20,001.61 (up by 0.38%)
Ethereum: US$1,088.71 (up by 0.26%)
Tether: US$0.9992 (down by 0.00%)
USD Coin: US$1.00 (up by 0.00%)
BNB: US$225.51 (up by 0.25%)
Binance USD: US$1.00 (up by 0.15%)
XRP: US$0.3166 (up by 0.92%)
Cardano: US$0.4392 (up by 0.37%)
Solana: US$33.79 (up by 0.62%)
Dogecoin: US$0.06246 (up by 0.58%)
According to coinmarketcap, the global crypto market cap is standing at US$889.42B, indicating a decrease of over 2.70% over the last day.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.