Bitcoin (BTC)Crypto News

Crypto Markets Lost $300 Billion in 4 Days, Bitcoin Posts Lowest Daily Close Since July 2021 (Market Watch)

                                                            Die Sturzflüge von Bitcoin setzten sich in den letzten 24 Stunden fort, da der Vermögenswert einfach nicht aufzuhören scheint, an Wert zu verlieren.  Die meisten Altcoins befinden sich in einer ähnlichen oder sogar schlechteren Position, mit massiven Kursrückgängen Ripple, Solana, Cardano, Shiba Inu, Polkadot und andere.  Im Gegensatz dazu gehört NEAR Protocol zu den wenigen Gewinnern.

Bitcoin’s dump to $33,000

Just four days ago, the primary digital asset had surged to $40,000 following the last FOMC meeting. Although it failed to clear this level, it stayed close to it for several hours before completely changing the market outlook.

In a matter of hours, BTC fell $4,000 to a multi-week low (then) of $36,000. While this was a significant price drop in its own right, it wasn’t the end. As reported yesterday, Bitcoin slipped below $35,000 and marked a new local bottom – this time the lowest since late January.

But that was not all, because the cryptocurrency fell once again to just over $33,000. This was the lowest daily close since the summer of last year.

As of now, Bitcoin is still struggling around this level. Hence his market capitalization took another hit and is now down to $635 billion.

BTCUSD. TradingView

Altcoins continue to lose value

Similar to bitcoin, most alternative coins have also fallen freely over the past few days. Many posted their own multi-month lows.

Ethereum reached $3,000 earlier this month but has since lost over $500. Another 4.5% drop over the past 24 hours brought the second-largest cryptocurrency well below $2,500.

Binance Coin (down 5% in one day) is now trading at $340 after standing above $400 less than a week ago. Terra and Dogecoin have declined by similar percentages.

RippleSolana, Cardano, Polkadot, Avalance, and Shiba Inu have seen even larger chunks fall in value.

The NEAR protocol is among the few exceptions with a notable 9% price increase. Consequently, NEAR is trading above $11.

Still, the cumulative market cap of all crypto assets has fallen to just over $1.5 trillion. This means the metric lost about $300 billion in four days.
Crypto Markets Lost $300 Billion in 4 Days, Bitcoin Posts Lowest Daily Close Since July 2021 (Market Watch), Crypto Trading NewsOverview of the cryptocurrency market. Quantify Crypto

Source: Crypto News Deutsch

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button