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- BTC fell over 5% on Monday, as the start of the week provided little relief for the world’s largest cryptocurrency after a tumultuous weekend in which it lost nearly a fifth of its value
- Over a seven-day trailing period, the peak coin has dropped 11.51%. Over the last 24 hours, Ethereum ETH has down 0.17% to $4,340.81
- Tezos increased by 31.76% to $5.56, BitTorrent increased by 16.06% to $0.003773, and Curve Dao Token increased by 10.67% to $4.12
BTC fell over 5% on Monday, as the start of the week provided little relief for the world’s largest cryptocurrency after a tumultuous weekend in which it lost nearly a fifth of its value. BTC’s price and the amount invested in bitcoin futures returned to where they were in early October, before a dramatic price rise that brought the token to an all-time high of $69,000 on November 10.
Bitcoin has dropped 32% since its all-time high. It was the last trading at $48,900, down 1.1% The global cryptocurrency market cap fell 0.42 % to $2.35 trillion on Tuesday evening, with major coins trading flat. Over the last 24 hours, the stock has risen 0.06% to $50,725.20.
ALSO READ: AS BITCOIN STALLS, ANALYSTS PREDICT WHEN TO ENTER
Over a seven-day trailing period, the peak coin has dropped 11.51%. Over the last 24 hours, Ethereum ETH has declined 0.17% to $4,340.81. Over the last week, it has lost 7.46% of its value. Dogecoin DOGE, a meme cryptocurrency, went down 0.94% to $0.18 in the last 24 hours. It has dropped 17.85% in the last seven days. Shiba Inu, the DOGE-killer, has dropped 1.63% to $0.0000365 in the last 24 hours. It has dropped 24.52% in the last week. Tezos, BitTorrent, and Curve Dao Token were the top three gainers during the last 24 hours, according to CoinMarketCap data.
Tezos increased by 31.76% to $5.56, BitTorrent increased by 16.06% to $0.003773, and Curve Dao Token increased by 10.67% to $4.12. Scientists claim to have discovered a stealth version of Omicron, the newest COVID-19 virus subtype. According to The Guardian newspaper in the United Kingdom, this form cannot be identified from other versions using PCR testing, which is commonly employed in public health settings. Regulatory worries, in addition to Omicron concerns, continue to plague the markets. According to Edward Moya, a Senior Analyst at OANDA, the grilling of cryptocurrency CEOs on Capitol Hill on Wednesday will not deliver any immediate historic legislation.
The end-of-year bullish calls of $90,000 or $100,000 were a little overconfident, but that’s how the crypto-verse works. In an emailed note, Moya added, They will rapidly discover if such frothy targets will subsequently be justified. Meanwhile, the impact of India’s cryptocurrency policy is becoming obvious. The huge South Asian country wants to prohibit cryptocurrencies from being used as a form of payment and regulate how they are advertised.
According to Reuters, violations of the law might result in jail time. Even if BTC is trading above $50,000, it is likely that it has yet to find a bottom, which will take time to build, according to Amsterdam-based trader Michal Van De Poppe on Twitter. Binance, the world’s largest cryptocurrency exchange by volume, also published an update to its users on December 9 at 2:55 p.m. ET, informing them that deposits and withdrawals on the ETH network will be suspended.
Tags: Bitcoin, ETH, Binance, Price, Ethereum, Dogecoin, Shiba Inu
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
