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Home inet The price of Bitcoin dropped by $ 10.000 in 24 hours

The price of Bitcoin dropped by $ 10.000 in 24 hours

After weeks of steady gains, its price Bitcoin fell vertically.

Bitcoin

More than $ 10.000 drop was noted in value of cryptocurrency within hours on Monday, dropping its value below $ 50.000.

The drop in price took place after bitcoin had reached the highest point of all time, over $ 58.000 on Sunday.

Bitcoin fell below $ 49.000 on Monday, although its remarkable gains lead to the conclusion that it is trading even higher than a week ago.

Other large cryptocurrencies also showed large losses, such as Ethereum, bitcoin cash, cardano and dogecoin.

The market turmoil has resulted in nearly $ 300 billion being eliminated from the total market cap of all cryptocurrencies combined, according to the CoinMarketCap.

price

The latest drop also caused the bitcoin market cap to fall below $ 1 trillion, having crossed that milestone for the first time last week.

Before the fall, the market analyst Simon Peters, predicted that technical indicators showed that cryptocurrencies are a "supermarket, implying that we could soon see a flashback"

In comments to The Independent, Mr. Peters, who works for the internet platform transactions eToro, said such signs are likely to lead to some short-term losses. He said that the indicators "It will be a warning to many investors that the current price trend may weaken and that consolidation or a reversal of prices is on the horizon.»

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Absent Mia
Absent Miahttps://www.secnews.gr
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