“Now that we’re starting to see prices go up, we’re starting to see a lot of traders throwing in the towel and jumping in to make sure they don’t miss the big bottom rush that we’re in right now. see,” he said. Ether fared less well, falling below $1,550 for the first time in a week. The second largest cryptocurrency by market value is down 5.7% since the same time on Monday. Other major cryptocurrencies fell later in the day to trade well in the red, with popular meme coins DOGE and SHIB down more than 7% and 8% respectively, and ADA down 8%. The CoinDesk Market Index (CDI), an index that measures the performance of cryptocurrencies, recently dropped about 4%.