Bitcoin (BTC)Crypto News

LUNA down 8%, Bitcoin struggles for $36,000

                                                            Nach dem gestrigen Massaker rutschte Bitcoin etwas mehr ab und fiel auf ein weiteres Mehrmonatstief.  Die meisten Altcoins befinden sich in einer ähnlichen Position, wobei Terra auf Tagesbasis am meisten an Wert verliert.  Im Gegensatz dazu haben TRON, Algorand und Monero beeindruckende Gewinne verzeichnet.

Bitcoin’s latest low

It’s safe to say that Bitcoin has seen better days, not so long ago. In fact it was cryptocurrency Jumped to $40,000 earlier this week after the last FOMC meeting where the Fed said it would raise rates by 50 basis points.

After BTC failed at $40,000, it declined slightly but stayed close to that level for the next 24 hours. Here, however, the situation changed for the worse. In a matter of hours, Bitcoin fell more than $4,000 and plunged to a 10-week low of $35,600 (on Bitstamp).

It initially rebounded and regained around $1,000, but the bears kept momentum and pushed it south again. BTC recorded another multi-month low at $35,300.

The asset is currently trading below $36,000, and its market capitalization has remained well below $700 billion.

LUNA down 8%, Bitcoin struggles for $36,000, Crypto Trading NewsBTCUSD. TradingView

Alternative coins suffered just as badly as BTC yesterday, and the landscape for most is somewhat identical today.

Ethereum below $2,700 after another slight decline is struggling Solana about staying above $80 while Solana struggles to stay above $80 RippleCardano, polka dots and Avalanche have also posted slight daily declines.

Terra is the biggest loser among large-cap altcoins. LUNA is down another 8% today and is trading below $75.

Apart from Binance Coin, Dogecoin and Shiba Inuwhich are slightly in the green, TRON has benefited the most from the large-cap alts. TRX is up more than 5% and is above $0.08.

Algorand and Monero also responded well to yesterday’s carnage, gaining 8% and 6% respectively.

The crypto market cap has lost another roughly $30 billion and is now below $1.650 trillion.
LUNA down 8%, Bitcoin struggles for $36,000, Crypto Trading NewsOverview of the cryptocurrency market. Quantify Crypto

Source: Crypto News Deutsch

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