Top 5 Cryptos Taking A Major Beating In The Ongoing Market Mayhem

The Top 5 cryptos featured in this article today are taking a heavy blow in the ongoing market pandemonium. Led by Bitcoin and Ethereum – two of the biggest cryptocurrencies in terms of market cap – these five cryptos have been hogging the headlines of late. Investors now wonder when a recovery will occur, as losses continue to mount, sending jitters across the broader crypto space and dampening investor spirit. Here’s a quick look at the Top 5 cryptocurrencies and how much they’ve lost so far: 1 – Bitcoin (BTC) Bitcoin takes the spot of the Top 5 cryptos with the most losses. Bitcoin is the largest and most popular cryptocurrency in the world. In November of last year, BTC surpassed a market capitalization of $1.27 trillion when one unit reached a price of $69,000, an all-time high. As of this writing, the price of Bitcoin hovers around $20,000. This year, it has lost 57.23 percent of its value. Bitcoin maintained $20,000 for another day on Thursday, despite calls for a 20 percent decline. Bitcoin has lost 57.23 percent of its value. Image: Coingape. 2 – Ether (ETH) Ether (ETH) – at No. 2 on this list – dropped below $1,000 for the first time this month after its value soared 386 percent in the previous year, reaching a record high of $4,812 in November 2021. ETH, the second largest cryptocurrency in the world with a market capitalization of $134 billion, has lost 70 percent of ...