Bitcoin Has shed more than 5% of its value in the last 24 hours, according to crypto data aggregator CoinMarketCap, Yesterday, the largest cryptocurrency by market cap fell below the $19,000 range for the first time since July 4.
Broadly speaking, bitcoin is down 7% over the past seven days, with a more intense selloff. tomorrow and today.
At the height of bitcoin’s bull run last year, it commanded a market capitalization of $1 trillion. Since then that figure has dropped to $358.8 billion.
Ethereum Today it is even less.
The world’s second-largest cryptocurrency, with a market cap of $184.7 billion, fell 7% overnight as hype for a major overhaul of the network, dubbed the merge, turned to worry,
It’s not just crypto, either.
also have stock below, partly because of fears that the United States Federal Reserve will continue to raise interest rates largely to curb inflation. The tightening of fiscal policy has also led to a fall in the price of gold.
The general Western economy is also facing geopolitical pressure.
Bitcoin sales intensified last week after news that Russia shut down the Nord Stream 1 pipeline, halted gas in Europe and shook markets. experts,
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
Stay on top of crypto news, get daily updates delivered to your inbox.
