Cryptocurrencies nosedived, cryptoenthusiasts paid tribute to Maradona
The positive mood that prevailed in the digital market at the beginning of the week, unfortunately, was short-lived. It seems that black Friday has become a red letter day for cryptocurrencies — the capitalization of the digital asset market shrank by 15%. At the same time, the cryptocommunity honored the memory of Diego Maradona with a unique token issued specifically in honor of the Argentine football star. If you somehow missed these events, read our cryptodigest to always stay up to date with the latest news.
At the end of last week, the digital market soared down — almost all cryptocurrencies fell rapidly, forcing traders to unwind long positions by $1.93 billion per day.
BTC went under the $17,000 mark and continued to fall, which was not a pleasant surprise after a strong rally in mid-November (on November 24, the coin refreshed its highs, breaking through the $19,000 mark). Many market participants even speculated that the asset might have formed a top. However, not only bitcoin fell victim to a downward correction — XRP retreated from the recent two-year high of $0.90, dropping back to the level of $0.50, ETH pierced $500.00 (but then recovered), and Litecoin sank to the area of $65.00. In general, the capitalization of the cryptomarket decreased by $70 billion (more than 15%).
Meanwhile, members of the cryptocommunity decided to pay tribute to the famous Argentine football player Diego Maradona, who passed away on November 25 at the age of 60. To do this, a so-called ‘non-fungible’ token was created on the Rarible platform. Its initial price was 0.1 ETH ($59.21), but then the creator of the coin arranged an auction, suggesting that everyone name their price. In a few minutes, the token price increased by 360%.
The token is a pencil sketch of Maradona running across a football field. The drawing is accompanied by an inscription in English and Spanish: ‘Caption! Thank you for the magic’.