Major Cryptocurrencies Are Down 70+% From Their All-Time Highs

2022 has been a tough year for the crypto industry as a whole. This point is proven by recent data provided by CoinGecko which indicates that big crypto names like Bitcoin (BTC) and Ethereum (ETH) are still down by more than 70% from their all-time highs.

Crypto price since all-time high (Source: CoinGecko)

CoinGecko’s data indicates that BTC is currently down about 75.5% from its all-time high while ETH is down by about 74.9% at the moment. Other cryptos like Binance Coin (BNB) are suffering the same fate as it is down by 64.5% from its highest price. The same can be said for XRP as the remittance token is down almost 90% from it’s all-time high.

Crypto price since all-time high (Source: CoinGecko)

Things are also not looking too great for Shiba Inu (SHIB) and Solana (SOL). Both of these cryptocurrencies are down by more than 90% from their highest recorded prices. Although a coin being down by over 90% is not necessarily a death sentence, other numbers for SOL are not looking optimistic. The crypto has lost about 90% of its developers and essentially 100% of its momentum.

BTC is currently trading at $16,880.02 after a 0.06% increase in price over the last 24 hours. The crypto king is also still in the green by about 0.62% over the last seven days.

BTC’s biggest competitor, ETH, is up by 0.25% over the last day and now trades at $1,223.13. The altcoin is also still up by 1.26% over the last seven days. SOL is one of the cryptos in the red for today and now trades at $11.22.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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