bitcoin
Bitcoin (BTC) $ 16,997.58
ethereum
Ethereum (ETH) $ 1,255.59
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 289.09
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.390781
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.099699
cardano
Cardano (ADA) $ 0.316821
solana
Solana (SOL) $ 14.14
matic-network
Polygon (MATIC) $ 0.906307
polkadot
Polkadot (DOT) $ 5.47
tron
TRON (TRX) $ 0.053579
bitcoin
Bitcoin (BTC) $ 16,997.58
ethereum
Ethereum (ETH) $ 1,255.59
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 289.09
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.390781
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.099699
cardano
Cardano (ADA) $ 0.316821
solana
Solana (SOL) $ 14.14
matic-network
Polygon (MATIC) $ 0.906307
polkadot
Polkadot (DOT) $ 5.47
tron
TRON (TRX) $ 0.053579
Wednesday, December 7, 2022
HomeMarket UpdatesBitcoin Breaks Beneath $20,000 Amid Market Selloff

Bitcoin Breaks Beneath $20,000 Amid Market Selloff

Ethereum additionally dipped beneath $1,500 Saturday. 

Bitcoin Suffers in Market Dip 

The crypto market’s selloff hasn’t let up. 

Bitcoin briefly dipped beneath $20,000 Saturday, extending its weeks-long dropping streak. In response to CoinGecko knowledge, it’s down about 3.9% in the present day and 18% over the previous 14 days. Bitcoin final dropped beneath the essential $20,000 stage in mid-July however has been hit by volatility in August. It’s presently buying and selling at $19,996. 

The world’s second-biggest cryptocurrency, Ethereum, additionally suffered as Bitcoin retraced. In response to CoinGecko knowledge, Ethereum is 7.6% down on the day, buying and selling at about $1,475. Like Bitcoin, it’s had a rocky couple of weeks, shaving off about 24.7% of its market worth. 

A number of different property, together with Layer 1 networks Solana and Avalanche and DeFi staples Uniswap and Aave, have additionally bled within the downturn. 

A rally throughout the market all through July and early August sparked hopes that the crypto market could possibly be displaying indicators of life after a months-long hunch. Anticipation surrounding Ethereum’s Merge occasion was a very potent narrative amongst crypto merchants, significantly after its September launch date was scheduled. Nonetheless, latest exercise means that the market has misplaced a few of the confidence it discovered earlier in the summertime. 

The worldwide cryptocurrency market capitalization is presently simply over $1 trillion after taking a 6.1% hit. That’s about 66% in need of its $3 trillion peak in November 2021. 

Disclosure: On the time of writing, the writer of this piece owned ETH, AAVE, and a number of other different cryptocurrencies. In addition they had publicity to UNI in a cryptocurrency index. 

BitcoinMasterNews

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