Cryptocurrencies Plummet: 10 Cryptos Down Over 10% Today (January 21, 2022)

Cryptocurrencies have experienced a decline at the beginning of this year. Investor anxieties over the US Federal Reserve's (The Fed) faster-than-expected monetary tightening policy have triggered a fall in digital currency prices.

This negative sentiment has also weighed on price movements in the stock market. The Dow Jones, a benchmark global stock index, fell 313.26 points (0.98%) to 34,715.39 on Thursday, January 20, 2022. The Nikkei 225, Japan's stock market index, also fell, dropping 250.67 points (0.9%) to 27,522.26 on the same day.

According to Coinbase, Shping led the cryptocurrency fall in the last 24 hours. The price of the cryptocurrency with the code SHPING plummeted 24.26% to Rp 759.94 per coin on Friday, January 21, 2022.

Other cryptocurrencies experiencing the largest declines were PolySwarm (NCT), down 22.28% on the day; Goldfinch Protocol (GFI), down 17.04%; Origin Token (OGN), down 16.86%; and Idex (IDEX), down 16.85%.

OriginTrail (TRAC) also saw its price fall by 16.03% to Rp 11,260 per coin. Following this were Gitcoin (GTC), down 15.99%; Clover Finance (CLV), down 15.61%; and Loopring (LRC) and TrueFi (TRU), down 15.5% and 15.16% respectively.