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January 23, 2022
Crypto News

A Look at How Far Crypto Assets Have Slid From Their All-Time Highs – Markets and Prices Bitcoin News

Digital currencies had an exceptional yr, and a substantial amount of the crypto property in existence reached all-time excessive (ATH) costs towards the world’s fiat currencies. However, the identical digital currencies that tapped ATHs final yr are at the moment down an important deal in worth, as quite a few cryptocurrencies have misplaced 30% or extra since 2021’s price highs.

Crypto Values Are Lower Than Last Year’s Price Highs

2021 was an excellent yr for crypto property as quite a few blockchain networks swelled in fiat worth as billions upon billions had been added to the choice digital financial system. Bitcoin (BTC) broke its earlier ATH recorded in December 2017 at the tip of 2020, when it surpassed the $20K per unit zone.

BTC’s price continued to rise greater into 2021 and ultimately, it tapped a excessive of $64K per unit. Furthermore, on November 10, 2021, the price of bitcoin jumped to the $69K zone however at this time the price is 39% decrease.

Down From the Peaks: A Look at How Far Crypto Assets Have Slid From Their All-Time Highs
Bitcoin (BTC) chart on January 11, 2022. Percentages down from the crypto ATHs which can be written on this article had been recorded at 8:30 a.m. (EST) on Tuesday morning. The price of bitcoin at this time is 39% decrease than it was on November 10, 2021.

A myriad of crypto property at this time are in the identical boat as BTC, as they reached ATHs at some level final yr, however have since shed at least 30% or extra in fiat worth. Ethereum’s (ETH) worth skyrocketed to an ATH sixty days in the past touching $4,847 however has since misplaced 35.46%.

Binance coin (BNB) hit an ATH final yr but it surely was eight months in the past and at this time, it’s 34% down from the $689.92 per coin price it as soon as held. Two months in the past, solana (SOL) reached a excessive of $258.93 per coin, and at this time SOL is decrease than that price by 47%.

Different Percentage Losses, Time Frames, and Crypto Tokens That Staved Off the Losses

Most of the main crypto property, when it comes to market capitalization, have a big selection of differing proportion losses since their 2021 ATHs. Cardano (ADA), for example, is down 62.78% since touching $3.10 per coin 4 months in the past.

Other crypto property have both shorter time frames or for much longer time frames since their ATHs. Xrp (XRP) for instance, is among the solely high ten leaders that didn’t hit an ATH final yr. The digital foreign money xrp touched its ATH 4 years in the past when it reached $3.30 per coin.

Polkadot (DOT) touched its all-time excessive two months in the past when it reached $54.98 per coin and at this time, it’s down 55.9%. Meanwhile, Terra’s (LUNA) ATH is far nearer as LUNA tapped its ATH 16 days in the past when it hit $102.63 per unit. LUNA is down 29.51% from the crypto asset’s ATH.

Plenty of crypto property beneath the highest ten are down considerably, however just a few have managed to stay excessive. Near protocol (NEAR) is just down 6.96% because it reached an ATH of $17.52 per unit seven days in the past. Furthermore, the crypto asset issued by Bitfinex, Unus Sed Leo (LEO) is just down 9.75% from eight months in the past.

Tags on this story
ada, All time excessive, all-time highs, ATH, ATHs, binance coin, Bitcoin, Bitcoin (BTC), bnb, Cardano, crypto property, crypto financial system, DOT, Ethereum (ETH), excessive costs, LEO, Lows, NEAR, close to protocol, percentages down, Polkadot, Price Highs, SOL, Solana, terra (LUNA), Xrp (XRP)

What do you concentrate on the crypto property within the high ten and how far down they’re from their all-time price highs?

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com News concerning the disruptive protocols rising at this time.

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