US EditionCrypto Market Lost More than $1 Trillion in Market Cap Since Bitcoin’s October Peak
20 Articles
20 Articles
Bitcoin and other digital currencies are falling, which is why a trillion dollars of crypto market value is puffed up, and what that means for the rest of the financial markets.
Bitcoin is expanding its losses, and other cryptocurrencies are also declining, which has reduced the overall market by 1.2 trillion dollars in the past few weeks.
The Bitcoin has lost almost 30% of its value since October 1st, and a halt in monetary easing of the US Federal Reserve could amplify the price decline.
Professor Pablo Agnese analyzes the 30% drop in Bitcoin that has evaporated a billion dollars in the cryptocurrency market.
Bitcoin’s Tumble Shakes Crypto Market, Altcoins Stand Firm
In the ever-volatile world of cryptocurrency, Bitcoin’s recent tumble has sent shockwaves through the market, with over $1 billion in liquidations in just 24 hours. The digital gold has dropped to its lowest point in seven months, hovering around the $89,000 mark. This downturn, however, has not been mirrored by altcoins, which have shown remarkable stability. This divergence in performance has… Source
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