Cryptocurrency

Cryptocurrency Prices Update: Bitcoin Falls by 3%

Cryptocurrency Prices Update: Bitcoin Falls by 3%

  • Top coins in the cryptocurrency market are trading in the red, with Bitcoin losing more than 3% of its value
  • The latest drop means that the crypto market cap has fallen by 3.8% to $2.04 Trillion
  • At the time of this report, BTC is trading at $44,850, a decline of over 8% in the past week

It has been a turbulent week in the cryptocurrency market, following a crypto tsunami that caused many coins to come crashing down.

Bitcoin

The crash has continued this morning as flagship cryptocurrency Bitcoin leads the way.

The world’s number one crypto asset went from $46,000 to $54,850, a decline of over 3 percent in the last 24 hours.

The market value of the entire crypto market is down by 3.9%, falling to $2.07 trillion.

At the time of writing this report, BTC’s total losses this week have reached a total of over 8%.

The second-largest cryptocurrency by market cap Ethereum was one of the biggest losers, dropping by more than 6%.

Read also: Ukraine Legalizes Bitcoin as Cryptocurrencies go Global

ETH has now lost more than 16% of its value in the past week, dropping to $3,250.

Other cryptocurrencies such a Cardano, BNB, Solana, and XRP lost 2.6%, 3%, 3.11%, and 3.07% respectively.

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