Cryptocurrencies Continue to Drop in Value


Cryptocurrencies are trading for a lower value. This trend seems to be the norm rather than the exception.

Major currencies like Bitcoin, Ethereum, Solana, and others saw a dip in their trading value. Bitcoin remains above $17,000 threshold. But this is a fraction of its peak value.

Ethereum traded at $1,271.27, more than 1% drop than what it traded for last week.

In a similar trend, we saw Meme Coins drop in value too. Dogecoin and Shiba Inu plunged at the market. We’re seeing this trend in the Crypto market.

NFT market is also witnessing a similar pattern.

So can we expect a turnaround? Or will we keep seeing similar results?

It all depends on how well Crypto is accepted in 2023.

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