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Crypto Economy Loses $102 Billion In 30 Days – BTC, SOL Held Most Losses – Market Updates Bitcoin News
A good number of digital currencies have declined in value over the past 30 days, and the worst performing crypto out of the top ten coins with the largest market capitalization was solana, which lost 19.12% against the US dollar. Bitcoin was the second biggest loser in the top ten, as the leading crypto-asset fell 12.71% in USD value this month.
Despite the pump in mid-August, the crypto economy shrank by $102 billion last month
Crypto assets saw a decent rise on August 14, 2022, when bitcoin (BTC) jumped the $25K zone and ethereum (ETH) crossed $2K per unit. Despite the jump in value, BTC has lost 12.71% over the past 30 days from Wednesday, August 3, 2022 to Friday, August 2. September 2022.
Ethereum’s monthly losses were less brutal after ETH took a 2.75% hit against the US dollar. BNB lost 7.02%, XRP fell 10.53% against the dollar, and ADA fell 9.34%.
Solana (SOL) was the biggest loser of the top ten cryptoassets as it lost 19.12% against the dollar. The tenth largest crypto asset, polkadot (DOT), lost 8.93% in the last 30 days.
Historical statistics from coinmarketcap.com indicate that the global cryptocurrency market capitalization on August 3 was $1.06 trillion, and by September 2, the combined valuation of the entire crypto-economy was below $1 trillion at $982.53 billion.
Crypto prices were also different 30 days ago, when bitcoin (BTC) traded at $22,829 per unit. Ethereum (ETH) traded at $1,614 per coin, and BNB fetched $282 per unit. The best performing crypto asset on August 3rd was Optimism (OP) when it was up 18.24% against the US dollar.
However, OP has lost 38.2% against the dollar this month. Lido dao (LDO) saw a 18.04% increase in the last 30 days but has lost 17.7% against the dollar this month. Chiliz (CHZ) was down 9.87% on August 3rd, but during the last month CHZ is up 64.7% against the USD.
The Theta Network (THETA) was down 5.45% a month ago and in the last 30 days has decreased 17.9% in USD value. 30 days ago the total value locked (TVL) in decentralized finance (defi) was $89.81 billion and today TVL is $59.58 billion.
Makerdao had $8.53 billion locked up, and as of September 2, Makerdao’s TVL is now down to $7.96 billion. Lido had $7.39 billion 30 days ago and today it is around $6.96 billion. Cross chain bridge TVL is $9.11 billion, down 25.1% this month, and polygon bridges dominate at $4.21 billion.
What do you think of the crypto economy’s price action over the past 30 days? Let us know what you think about this topic in the comments section below.
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