BTC and ETH Offer Investors Protection While Market Tumbles

• IntoTheBlock revealed in a recent tweet that 90+% of investors for many cryptos are currently at a loss.
• The post noted that BTC and ETH have protected investors the most these past few weeks.
• AVAX was able to print a gain while BTC, ETH, DOGE, LTC, and ADA all printed losses.

IntoTheBlock, the on-chain analysis firm, noted in a recent tweet that the majority of holders of many crypto assets are currently at a loss. According to the post, investors of some cryptos are at a more than 90% loss due to the recent tumble in the market. Nevertheless, there are cryptos that are weathering the storm relatively well, the firm added.

IntoTheBlock named Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Litecoin (LTC) as some of the cryptos that have been able to weather the latest crypto market storm. Meanwhile, more than 90% of Cardano (ADA) and Avalanche (AVAX)  investors are at a loss, according to the firm’s latest tweet.

Notably, the two crypto market leaders BTC and ETH have offered investors the most protection over the past few weeks. According to IntoTheBlock, 61.47% of BTC investors are still at a profit, while 59.48% of ETH investors remain in the green as well.

In related news, the total crypto market cap declined another 0.56% over the past 24 hours, according to CoinMarketCap. At press time, it was estimated that the total stood at around $1.06 trillion.

Meanwhile, both of the leading cryptos followed the same trend as the rest of the market. BTC’s price stood at $25,929.62 following a 0.85% loss in the past 24 hours. In addition, ETH also printed a daily loss of 0.40%, and was trading at $1,744.93 as a result.

The popular meme coin DOGE experienced a 0.21% loss as well. This brought its price down to $0.06183 at press time. Looking at LTC and ADA, both altcoins saw their prices drop more than 1% in the last day. LTC’s 1.15% loss over the past 24 hours saw it trading at $77.72, and ADA was changing hands at $0.2736 following its 2.95% drop.

AVAX was one of the few cryptos that printed a gain over the last day. As a result, the crypto’s price stood at $11.84, which was a 0.45% increase over the past 24 hours.

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