Major Cryptocurrencies Are Down 70+% From Their All-Time Highs

• Bitcoin and Ethereum are down by more than 70% from their all-time high.
• BNB is down by 64.5% from its highest price.
• BTC is currently trading at $16,880.02 after a 0.06% increase in price.

2022 has been a tough year for the crypto industry as a whole. This point is proven by recent data provided by CoinGecko which indicates that big crypto names like Bitcoin (BTC) and Ethereum (ETH) are still down by more than 70% from their all-time highs.

CoinGecko’s data indicates that BTC is currently down about 75.5% from its all-time high while ETH is down by about 74.9% at the moment. Other cryptos like Binance Coin (BNB) are suffering the same fate as it is down by 64.5% from its highest price. The same can be said for XRP as the remittance token is down almost 90% from it’s all-time high.

Things are also not looking too great for Shiba Inu (SHIB) and Solana (SOL). Both of these cryptocurrencies are down by more than 90% from their highest recorded prices. Although a coin being down by over 90% is not necessarily a death sentence, other numbers for SOL are not looking optimistic. The crypto has lost about 90% of its developers and essentially 100% of its momentum.

BTC is currently trading at $16,880.02 after a 0.06% increase in price over the last 24 hours. The crypto king is also still in the green by about 0.62% over the last seven days.

BTC’s biggest competitor, ETH, is up by 0.25% over the last day and now trades at $1,223.13. The altcoin is also still up by 1.26% over the last seven days. SOL is one of the cryptos in the red for today and now trades at $11.22.

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