Crypto Price Update: Bitcoin Loses Steam as Price Falls to $45,000

• The cryptocurrency market has plunged in the last 24 hours, with flagship cryptocurrency Bitcoin falling as low as $45,000

• The decline in the value of the world’s largest cryptocurrency has caused the value of the crypto market to fall to $1.92T, more than 3% in the last 24 hours

• Other major cryptocurrencies such as Ethereum, Binance coin, Dogecoin, Cardano, and Litecoin are also down from their value yesterday

After a steady rise in the past few days, the cryptocurrency market appears to be encountering some setbacks.

Prices today show that the value of the world’s largest cryptocurrency has plunged by more than than 2% in the last 24 hours.

Bitcoin which was trading at $47,000 yesterday is currently down to $45,000, a drop of 2.8%.

Despite the recent setback, the flagship cryptocurrency is up by 54% from its value at the start of the year.

The world’s second-largest cryptocurrency Ether, which is linked to the Ethereum blockchain also suffered a loss of over 4%, dropping to $3,038.

Other digital assets such as Cardano, XRP, Binance Coin, Uniswap, and Litecoin also fell over the night.

However, one of the biggest losers in the last 24 hours is meme coin Dogecoin.

Dogecoin has lost more than 10% of its value from highs of $0.336940 yesterday morning to $0.294990 on Wednesday.

The recent decline in the value of various coins bass brought the market cap of cryptocurrencies to $1.92T, a drop of over 3%.

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