Dogecoin, XRP and Cardano Down 26 % as Bitcoin Sinks Again

Bitcoin is back in the red on Thursday, down almost 9 % over the past week, but nearly every other asset in the top 10 coins ‘ market cap, excluding dollar-pegged stablecoins, has experienced a decline of double that much, with three of the coins losing roughly 26 % each over the past week.

The biggest losers at the top of the blockchain stack over the past seven weeks are XRP, Dogecoin, and Cardano.

The Ripple-linked XRP has plunged 26 % to$ 2.33 over the last week, falling from above the$ 3 mark after hitting a seven-year high price earlier this month. It’s over 3 % on the day, as of this writing. The XRP Ledger bitcoin was affected in part by technical problems that the XRP Ledger blockchain experienced on Tuesday, which contributed to the price of XRP.

Dogecoin, meanwhile, has fallen by 26 % in the last week to a current price of$ 0.248, dropping from the$ 0.34 mark as its famous volatility remains in play. And Cardano has experienced the steepest decline in the group’s history, falling by almost 27 % in the previous week to$ 0.71. The key, ADA, had risen to almost$ 0.98 last year.

All three of these currencies have experienced dramatic jumps in recent months, especially with the election victory of President Donald Trump, like most of the business. Cardano, for example, spiked from a price of$ 0.33 on Election Day to a price of$ 1.23 in early December. Earlier this week, it dipped as low as$ 0.60 as those recent gains fade from view.

Over the past few weeks, the crypto industry have been extremely dangerous since Trump’s group announced that it would implement his trade agreements with China and Canada.

After agreeing to trade agreements with each country, Trump put a stop to the levies on Canada and Mexico, but 10 % of them on China went into effect this year. China, for its part, issued punitive taxes against the U. S. and even said it would build an antitrust investigation against U. S. tech giant Google.

At the moment, Bitcoin is down about 1 % on the day at a price of$ 96, 280. Ethereum has more than doubled Bitcoin’s dip over the last week, down almost 18 % as of this writing at$ 2, 700, while Solana is down 21 % on the week to$ 190.