Stellar Lumens Drops 10.81% Amid Selloff

Stellar Lumens experienced a significant decline in trading, with its price falling to $0.20316, marking a drop of 10.81% as observed at 21:49 (01:49 GMT) on Tuesday. This drop represented the largest percentage loss in a single day since August 8.

As a result of this downturn, the market capitalization of Stellar Lumens decreased to $3.96 billion, which is 2.01% of the total cryptocurrency market cap. Previously, Stellar Lumens reached a market cap of $12.12 billion at its peak.

In the past twenty-four hours, Stellar Lumens traded within a range between $0.20294 and $0.22276. Over the past week, it has seen a nearly 10% decrease in value, with a 7-day decline of 9.98%. The total trading volume for Stellar Lumens in the last twenty-four hours was approximately $104.18 million, accounting for 0.81% of the overall cryptocurrency trading volume. In the last week, its trading range varied from $0.19442 to $0.24310.

Currently, Stellar Lumens remains 77.91% below its all-time high of $0.92, which was reached on January 3.

In other cryptocurrency markets, another asset was trading at $6,088.0, reflecting a decrease of 3.93% for the day. Additionally, another asset saw a price of $262.32, a substantial loss of 21.72%.

Bitcoin’s market capitalization is currently around $107.22 billion, making up 54.28% of the total market cap for cryptocurrencies, while Ethereum’s market cap stands at approximately $27.18 billion, accounting for 13.76% of the total cryptocurrency market value.