Cryptocurrency Pepe (PEPE) became the most unprofitable for the day

In the evening of May 8, the cryptocurrency market capitalization lost 3% at once and dropped to $ 1.16 trillion. The reason was the depreciation of the flagship cryptocurrency. Bitcoin quotes BTC $98,524.75 Bitcoin 0.16% Market capitalization $1.95 trillion VOL. 24 hours $4.51 billion fell by 4% overnight, and four other popular virtual assets lost more than 10% of their value.

The leader of the anti-rating was expected to be the Pepe (PEPE) meme token, which fell by 23.64%. At the time of writing, the asset is worth $ 0.1 894, with a market capitalization of $ 802.5 million and daily trading volume of $ 903.8 million.

The Render Token (RNDR) cryptocurrency has also fallen in price and lost 14.57% of its value over the past 24 hours. At the moment, the coin is worth $ 1.82, its market capitalization is $ 661.9 million, and daily trading volume is $ 127.65 million.

Over the past day, the Sui token (SUI) has fallen in price by 11.6%. The coin is available for purchase at $ 1.12, its market capitalization amounted to $ 590.3 million, and daily trading volume was $ 243.4 million.

The Floki Inu (FLOKI) rate fell by 10.12% over the day. The asset’s market capitalization amounted to $ 338.9 million, and daily trading volumes amounted to $ 58.9 million.

The decline in the global market capitalization and the depreciation of the flagship cryptocurrency are mainly due to macroeconomic difficulties and negative events in the US banking system. The rise in interest rates, the bankruptcy of the Bittrex crypto exchange, which filed for bankruptcy in the United States on May 8, and the tough policy of the SEC (US Securities and Exchange Commission) have provoked fluctuations in the bitcoin exchange rate.

As of the time of writing, the main crypto asset is worth $ 27,614, its market capitalization is $ 534.8 billion, and traders have made daily trading deals worth $ 1.5 billion.