{"id":167231,"date":"2022-11-22T21:37:25","date_gmt":"2022-11-22T21:37:25","guid":{"rendered":"https:\/\/precoinnews.com\/?p=167231"},"modified":"2022-11-22T21:37:25","modified_gmt":"2022-11-22T21:37:25","slug":"new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/","title":{"rendered":"New Week, New Trouble For The Market As Crypto Prices Tumble, Rubbing In The Pain Of A Torrid Couple Of Weeks"},"content":{"rendered":"<ul>\n<li>Bitcoin and the price of other cryptocurrencies took a major hit at the opening of the new week.<\/li>\n<li>Across the board, there were several double-digit losses as the market capitalization of the markets sunk to new lows.&nbsp;<\/li>\n<li>The markets showed a bit of resilience in the days following FTX&#8217;s ill-fated collapse.<\/li>\n<\/ul>\n<p>One year ago, the markets were basking in the thrill of all-time highs, but 12 months down the line, things have gone awry for the nascent industry.<\/p>\n<p>As the week opened, the charts were painted red with falling asset values across the board. Bitcoin (BTC), the largest virtual currency, had managed to lose 5.07% of its value in under a day to trade at around $15,000. Before the slump, Bitcoin held the $16,000 price point for nearly 14 days in a strong showing that gave hope to the bulls.<\/p>\n<p>Ethereum (ETH) toed Bitcoin\u2019s lead to lose 7.55% in 24 hours to the dismay of investors. The weekly chart shows an even grimmer statistic for the industry as the asset lost over 10% in the time frame.<\/p>\n<p>The two largest cryptocurrencies were not the biggest losers in the rout that took place over the weekend. Polygon (MATIC) recorded a 12% loss over the weekend, while Polkadot (DOT) recorded similar figures with a 5% decline over the last day.<\/p>\n<p>Shiba Inu (SHIB) fell by a respectable 5%, but Solana appeared to be in a freefall at the start of the week as it lost an astonishing 17.30%. The industry\u2019s market capitalization stands at $780.80 billion, a far cry from the nearly $3 trillion that it achieved 12 months ago.<\/p>\n<p>Despite the general loss of value, it was not all doom and gloom in the ecosystem, as some projects defied the pervading decline to gain some positives. Tron\u2019s TRX and Litecoin appeared to be the biggest winners, with 4.87% and 9.40%, respectively, in gains.\u00a0<\/p>\n<h2><strong>A show of resilience<\/strong><\/h2>\n<p>The markets have held their own in a torrid couple of weeks following FTX\u2019s collapse, being propped by on-chain reports of investors stacking up on Bitcoin and moving their holdings to cold storages. Another reason for the show of resilience by the markets was the report that El Salvador pledged to buy one Bitcoin daily.<\/p>\n<p><em>\u201cWe are buying one Bitcoin every day starting tomorrow,\u201d wrote Presiden Nayib Bukele.\u00a0<\/em><\/p>\n<p>\u201cWe echo Nayib Bukele\u2019s initiative in buying Bitcoin daily. We will also buy one Bitcoin every day starting tomorrow!\u201d said Justin Sun, Tron\u2019s founder.<\/p>\n<p>Source: <a href=\"https:\/\/zycrypto.com\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and the price of other cryptocurrencies<\/p>\n","protected":false},"author":3,"featured_media":167230,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Week, New Trouble For The Market As Crypto Prices Tumble, Rubbing In The Pain Of A Torrid Couple Of Weeks - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Week, New Trouble For The Market As Crypto Prices Tumble, Rubbing In The Pain Of A Torrid Couple Of Weeks - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin and the price of other cryptocurrencies\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-22T21:37:25+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/11\/New-Week-New-Trouble-For-The-Market-As-Crypto-Prices-Tumble-Rubbing-In-The-Pain-Of-A-Torrid-Couple-Of-Weeks.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/\",\"name\":\"New Week, New Trouble For The Market As Crypto Prices Tumble, Rubbing In The Pain Of A Torrid Couple Of Weeks - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2022-11-22T21:37:25+00:00\",\"dateModified\":\"2022-11-22T21:37:25+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"New Week, New Trouble For The Market As Crypto Prices Tumble, Rubbing In The Pain Of A Torrid Couple Of Weeks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New Week, New Trouble For The Market As Crypto Prices Tumble, Rubbing In The Pain Of A Torrid Couple Of Weeks - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/","og_locale":"en_US","og_type":"article","og_title":"New Week, New Trouble For The Market As Crypto Prices Tumble, Rubbing In The Pain Of A Torrid Couple Of Weeks - Pre Coin News","og_description":"Bitcoin and the price of other cryptocurrencies","og_url":"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/","og_site_name":"Pre Coin News","article_published_time":"2022-11-22T21:37:25+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/11\/New-Week-New-Trouble-For-The-Market-As-Crypto-Prices-Tumble-Rubbing-In-The-Pain-Of-A-Torrid-Couple-Of-Weeks.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/","url":"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/","name":"New Week, New Trouble For The Market As Crypto Prices Tumble, Rubbing In The Pain Of A Torrid Couple Of Weeks - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2022-11-22T21:37:25+00:00","dateModified":"2022-11-22T21:37:25+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/new-week-new-trouble-for-the-market-as-crypto-prices-tumble-rubbing-in-the-pain-of-a-torrid-couple-of-weeks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"New Week, New Trouble For The Market As Crypto Prices Tumble, Rubbing In The Pain Of A Torrid Couple Of Weeks"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/167231"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=167231"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/167231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/167230"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=167231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=167231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=167231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}