Bitcoin has been on a steady decline since its all-time high of $35,000-per-coin, where it was valued at $0.2 trillion in market capitalization. The current value is $31,000, and with a market cap of $277 billion, and the price has declined by 26% in the last 24 hours.
The cryptocurrency Bitcoin has been at the forefront of the world’s economic news for the last three years. And while it has started to slip in popularity in some places, there are still plenty of people holding onto their bitcoins, hoping they’ll be worth more in the future. But this week, Bitcoin’s price fell more than 20% against the dollar, from a high of $35,000 to a low of $26,000. This is due to a sudden loss of faith in the cryptocurrency market. In the past two weeks, the market capitalization of the cryptocurrency market has plummeted from $800 billion to a low of $400 billion, losing $300 billion in the process. This has had a knock-on effect on other alt
The fall of bitcoin continues as the cryptocurrency hit $34,000 on Thursday before slipping back to $33,000. The drop comes after the market cap of bitcoin lost over $100 billion in a day—the biggest single one-day loss in its history. Bitcoin has been on a wild ride since it broke $20,000 for the first time in early December. Though it has steadily lost ground, dropping below $20,000 in February and falling below $10,000 in mid-April.. Read more about bitcoin price prediction and let us know what you think.Summary of the situation
- Bitcoin loses a few thousand dollars, its value drops to $35,000.
- Heatmap of the total number of crypto currencies in the red for today.
In the past 24 hours, the market capitalization of virtual currencies has dropped significantly – by $100 billion. At the same time, the price of the largest virtual currency has fallen to $35,000. Other alternative currencies have also seen a drop in value over the past 24 hours. The digital currency’s hopes of surpassing $40,000 were dashed recently, with the most popular virtual currency’s value dropping to $35,000. The second largest digital asset is currently trading below $2,500. Other alternative currencies have also seen their value plummet, leaving the cryptocurrency heat map colored red. Source : coin360
Bitcoin rejected again at $40K
Although the largest virtual currency of all time signaled a rebound after the last stock market crash that saw its value drop by just over $30,000, the giant has been on the decline again in recent days. At the beginning of the week, all was still well for the huge virtual asset. The value jumped to $40 after a meeting between Microstrategy CEO Elon Musk and U.S. bitcoin miners organized to reduce bitcoin’s energy consumption. Yesterday, the most popular digital asset climbed to over $41,000 before dropping several thousand dollars. Source: Trade view. The most popular digital asset rebounded to $40,000 after the Biden administration announced a proposed $6 trillion budget by 2030. Although the price of the digital asset, which has reached an all-time high, has soared, it has not been discussed. The giant currency didn’t last long at $40, dropping to $35 by mid-day on Friday. According to Coindesk, bitcoin’s total capitalization is $676.17 billion, down from more than $700 billion.
More losses for altcoins
Over the past few weeks, alternative currencies have been on a downward trend, which has also been evident over the past 24 hours. However, many suffered losses greater than the huge virtual currency. The second largest digital asset almost hit the $3,000 mark in the past few days, but the price fell just below $25K, a 6% drop. BNB (-11.56%) drops to $328.42, Joke Coin (-8%) trades at $0.325, Uniswap (-3.5%) is below $27, and Bitcoin (-8.39%).For the second day in a row, the cryptocurrency market is suffering from heavy losses. The price of bitcoin has fallen below $35,000 as the total market cap loses more than $100 billion. Other cryptocurrencies are also suffering from heavy losses. For example, Ethereum fell below $500 during the day and is now trading at $467.. Read more about $500k bitcoin and let us know what you think.
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