Flowing from this, Neuner predicted that another meltdown might just be on the horizon. Hence, it seemed appropriate to gauge investors’ preparedness and enlighten the community as to what to expect. “Are you prepared for a crypto meltdown?” Neuner asked.
Recently, some notable entities that suffered losses on the stock market include Nvidia (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), MicroStrategy, Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN), among others. Nvidia, a world leader in artificial intelligence computing, suffered a loss of 9.22%, while Tesla with its base in electric cars and clean energy recorded a loss of 1.56%.
Some entities listed on the U.S. stock market with crypto ties were not exempt from this meltdown. For instance, MicroStrategy, the business intelligence firm led by Michael Saylor, registered a 3.95% loss from the U.S. stock market meltdown.
Bitcoin, the world’s largest crypto asset, has registered a 4.57% drop in market capitalization to $1.12 trillion. As of the time of writing, BTC changed hands for $56,573.29, representing a 4.53% decrease in the past 24 hours.
It is the same outlook for Cardano (ADA) and XRP, whose market capitalization dropped by 4.04% and 3.77% to $11,415,589,469 and $ 30,921,812,619, respectively.
The market performance over the past seven days reveals that ADA has been on a downward slide since Aug. 29. As for XRP, it has maintained a seven-day run of bearish sentiment and price decline, per CoinMarketCap data.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
