Altcoin XRP became the only digital asset in the top-10 ranking, ending yesterday with an increase of three percent. Investors bought cryptocurrencies based on the results of the next round of Ripple and US SEC litigation.
Bitcoin collapsed on Thursday to the maximum in almost a month amid the sell-off of risky assets. BTC lost 7.7%, ending the day at about $40,700. Ethereum fell by 7.7%, other leading altcoins from the top ten also declined: from 5.4% (Finance Coin) to 8.5% (Terra).
The total capitalization of the crypto market, according to CoinGecko, sank by 7.3% in a day, to $ 1.94 trillion. Bitcoin was sold more actively than altcoins, which led to a decrease in the bitcoin dominance index by 0.3%, to 39.8%. The cryptocurrency fear and greed index collapsed by 22 points to 30, returning to a state of fear.
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Trading cryptocurrencies on the stock exchange is associated with risks, since digital assets are extremely volatile. On the other hand, this is their advantage: you can make good money on the course jumps. And since the entry threshold to the crypto exchange is quite low, you can start trading with a small start-up capital.