Bitcoin Continues Sharp Fall, Loses 13% in One Week
Flagship cryptocurrency Bitcoin has fallen nearly 2 percent in the last 24 hours and is now trading at $44,000
This brings the total fall of the world’s number one cryptocurrency to 13% in the last 7 days
The recent fall brings the total value of the crypto market to $2.04, a drop of 2 percent in the last 24 hours
The value of the total cryptocurrency market is down to $2.04 trillion after a fall of 2 percent in the last 24 hours.
Flagship cryptocurrency led the fall by dropping to $44,000, bringing its total decline to 13% in the last 7 days.
Ethereum has also dropped massively in that time, with a 16% decline from last week’s prices for a current value of $3,260.
Among the gainers, the cryptocurrency of the Solana blockchain SOL is up 12% in the last 7 days.
However, its current value of $157 is some way off its all-time high of $212 which was reached a few days ago.
Other major altcoins Cardano and Dogecoin have lost 15 and 22 percent respectively in the seven-day period, with currency values of $2.39 and $0.233800.
Bitcoin had led a huge rally for the crypto market in July following news from Elon Musk that Tesla may resume accepting the crypto asset as payment.