Sharp Daily
No Result
View All Result
Saturday, August 30, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

#BitcoinCrash: Cryptocurrency Value Sinks To A New Low

Editor SharpDaily by Editor SharpDaily
May 11, 2022
in News
Reading Time: 1 min read
Cryptocurrency

[Image/ Courtesy]

Bitcoin and several other top cryptocurrency prices have hit new lows, with the global crypto market cap standing at $1.38 trillion on Wednesday, a 6.44 percent dip in just 24 hours.

The Bitcoin price fell below $31,000 level, hitting a new low of $30,621, which is a nearly five percent decrease in the last 24 hours.

The price of Terra (Luna) has crashed massively to $6.42 in the last 24 hours, which is over 82 percent fall.

Read: ROAM Jobs Rebrands To The African Talent Company

RELATEDPOSTS

Kenya to allocate KES 1.82 billion for cryptocurrency regulation

January 15, 2025

The future of cryptocurrency adoption in Kenya

December 18, 2024

On the other hand, TerraUSD (UST) price has fallen over 50 percent in the last 24 hours to $0.4408.

Binance, one of the top global crypto exchanges, temporarily stopped the withdrawal of UST and LUNA.

“All this led to a cascading effect on the prices of LUNA, spiraling it out of control. The daily chart for LUNA has broken below the ascending channel pattern. An immediate support could be expected at $4,” WazirX Trade Desk said in a note.

LUNA has lost around 94 percent of its market share in the last seven days, with its price dropping over 82 percent in the last 24 hours.

Read: Zamara Launches Financial Literacy Program For Schools

Previous Post

Zamara Launches Financial Literacy Program For Schools

Next Post

Understanding Retirement Benefit Schemes

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024