Cookies are used on this Website. This is necessary in order to remember your preferences, as well as to
collect analytical data about visits to the Website.
Use of our Website means that you agree to the use of all cookies and analytics of Website visits in
Over the past day, the price of BTC has fallen below $4,000 to a new annual low of $3,782. Still, the sharp downward movement was short-lived, the price quickly recovered. At the time of writing (GMT 07:00), the first cryptocurrency is trading at $5048.
Currently, traders are closely monitoring whether the current rebound will lead to a more sustainable increase of price. On Twitter, discussions are underway that a drop below $4,000 per coin liquidated most of the loans offered by decentralized financial platforms (DeFi).
The total market capitalization of cryptocurrency currently stands at $143.14 billion, with Bitcoin dominating at 64.3%. The vast majority of the top 10 altcoins have lost about 50% in capitalization over the past week. Recently, Chainlink (LINK) has been hit hardest than anyone else — Binance exchange saw deals concluded at a price of 0.0001 USDT in the LINK/USDT trading pair. In general, the currency lost almost 57% in 7 days, and is currently trading at $2.0.
Image courtesy of Daily Hodl
Read the best crypto news analysis here! bitnewstoday.com Bitcoin,
investments, regulation and other cryptocurrencies
Found a mistake? Select the text and press CTRL+ENTER