Crypto Economy Loses $102B in 30 Days – BTC and SOL Handle Most of the Losses – Market Update Bitcoin News

Crypto Economy Loses 2B in 30 Days – BTC and SOL Handle Most of the Losses – Market Update Bitcoin News


A significant amount of cryptocurrency has declined in value over the past 30 days and the worst performing cryptocurrency among the top 10 cryptocurrencies with the largest market valuations is solana, losing 19.12% against the US dollar. Bitcoin was the second biggest loser in the top ten, with the value of the leading crypto asset losing 12.71% of the value of the US dollar this month.

Despite the mid-August pump, the cryptocurrency economy shrank by $102 billion in the last month

Crypto assets saw a good rally on August 14, 2022, as Bitcoin (BTC) I jumped over the $25,000 area and Ethereum (ETH) Exceeded 2 thousand dollars per unit. Despite the jump in value, BTC It is down 12.71% in the last 30 days from Wednesday 3 August 2022 through Friday 2 September 2022.

Cryptocurrency Economy Loses $102 Billion in 30 Days - BTC, SOL Cleared Most of the Losses
BTCUS dollar daily chart.

Ethereum’s monthly loss was less brutal after that ETH He gained 2.75% against the US dollar. BNB lost 7.02%, XRP It fell 10.53% against the dollar, and ADA It slipped 9.34%.

Cryptocurrency Economy Loses $102 Billion in 30 Days - BTC, SOL Cleared Most of the Losses
ETHUS dollar daily chart.

Solana It was the biggest loser out of ten crypto assets, losing 19.12% against the dollar. tenth largest crypto asset, Polkadot (DOT)It is down 8.93% over the past 30 days.

Cryptocurrency Economy Loses $102 Billion in 30 Days - BTC, SOL Cleared Most of the Losses
SOL/USD daily chart.

Historical statistics from coinmarketcap.com show that the global cryptocurrency market cap on August 3 was $1.06 trillion and by September 2, the total valuation of the entire crypto economy was less than $1 trillion at $982.53 billion.

Cryptocurrency prices were different 30 days ago as well, like bitcoin (BTC) for $22,829 per unit. Ethereum (ETH) for $1,614 per coin, and BNB He was fetching $282 per unit. The best performing crypto asset on August 3 was Optimism (OP) which gained 18.24% against the US Dollar.

Cryptocurrency Economy Loses $102 Billion in 30 Days - BTC, SOL Cleared Most of the Losses
CHZ /USDT Daily chart.

However, OP lost 38.2% against the dollar this month. Lido dao (LDO) saw a gain of 18.04% 30 days ago, but lost 17.7% against the dollar this month. Chiliz (CHZ) is down 9.87% on August 3, but over the past month, CHZ is up 64.7% against the US Dollar.

Theta network (THETA) is down 5.45% a month ago, and over the past 30 days it has lost 17.9% of its value in USD. 30 days ago, the total locked-down value (TVL) in decentralized finance (challenge) was $89.81 billion and today TVL is $59.58 billion.

Makerdao had $8.53 billion locked in, and as of September 2, Makerdao’s TVL volume is now down to $7.96 billion. Lido was $7.39 billion 30 days ago and today it’s about $6.96 billion. TVL in Cross Bridges is valued at $9.11 billion, down 25.1% this month, and Polygon Bridges dominate at $4.21 billion.

Tags in this story

CHZ dollar, ada, AVAX, Bitcoin, bnb, BTC, Cardano, Chiliz, Crypto, crypto assets, crypto-economy, cryptocurrencies, DOT, ETH, Ethereum, lido Dao, SOL, Tether, USDT, XRP

What do you think of the price movement of the cryptocurrency economy over the past 30 days? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.




photo credits: Shutterstock, Pixabay, Wikicommons

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