Stellar Lumens Suffers 10.12% Decline Amid Bearish Trading

Stellar Lumens was trading at $0.20505 by 12:57 local time on Saturday, marking a decline of 10.12% for the day. This represents the largest single-day percentage drop since August 8.

This downward movement resulted in Stellar Lumens’s market capitalization falling to $3.90 billion, accounting for 1.89% of the total cryptocurrency market cap. Previously, the market cap of Stellar Lumens peaked at $12.12 billion.

In the past 24 hours, Stellar Lumens has fluctuated between $0.20152 and $0.22507. Over the past week, its value has decreased by 14.87%. During this period, the trading volume for Stellar Lumens was $114.71 million, constituting 0.91% of the overall cryptocurrency trading volume, with prices ranging from $0.19442 to $0.24697.

At its current level, Stellar Lumens remains down 77.71% from its all-time high of $0.92, achieved on January 3.

In the broader cryptocurrency market, another asset was last recorded at $6,117.5, down 4.21% for the day. Another cryptocurrency was trading at $306.63, reflecting a loss of 16.46%.

Currently, Bitcoin’s market capitalization is approximately $105.76 billion, making up 51.10% of the total cryptocurrency market, while Ethereum’s market cap stands at $31.25 billion, or 15.10% of the total market value for cryptocurrencies.