Crypto markets are down after recording increases the previous day.
After recording slight gains yesterday, the crypto market is back on the decline, as most major cryptocurrencies remain in the red. Bitcoin is down by 1.93% in the last 24 hours and is trading at $19,012.18, while ETH is down by 1.71%.
The price of 1 ETH at the time of writing is $1338.42. Since August’s pre-Merge high of more than $2,000, Ethereum has lost over 32% to date, falling nearly 18% over the past week alone. Major altcoins are also on the decline, except XRP, which is up by 7.44% in the last 24 hours, and 20.81% in the last 7 days.