Cryptocurrency

Bitcoin Continues Sharp Fall, Loses 13% in One Week

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.

Bitcoin

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.

Read also: Man Pleads Guilty to a Crypto Scam Worth N16 Billion

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.

Follow Naija.fm on our social media handles FacebookInstagram, and Twitter to keep up with trending news, breaking news, entertainment news.

Show More

Related Articles

Back to top button