Bitcoin price falls below $ 36,000, BTC dominance increases, billions of crypto economy-markets and prices
Bitcoin price falls below $ 36,000, BTC dominance increases, billions of crypto economy-markets and prices
The Bitcoin price reached a new low this year and reached $ 34,000 per unit on Saturday morning shortly after 5 a.m. (EST). Bitcoin is now over 48 % lower than its all-time high (ATH), which was reached two months ago on November 10, 2021-when it jumped over the $ 69,000 mark. In the past week alone, Bitcoin has lost 17 % in value and a large number of dealers and investors are excited to see when the slaughter will end.
The slaughter on the market for digital currencies continues, the crypto economy falls to $ 1.75 trillion $
It was a bloodbath in the world of cryptocurrencies this week, as Bitcoins ( bitcoin ) price has pulled up with it. Today the entire crypto economy has lost 11 % in the last 24 hours. Bitcoin has been in a downward trend Bitcoin for $ 52,000, Bitcoin lost more than $ 32 % in value.
Shortly after 5 a.m. (EST) on Saturday morning, bitcoin The value of the lowest level of the year and reached $ 34,000 per unit. The 24-hour range of the leading crypto asset was between $ 39,177 and $ 34,000 per piece bitcoin . While bitcoin in the last 48 hours, from $ 43,400 to $ 35.5,000 per unit, bitcoin The dominance has increased clearly.
at the time of writing, bitcoin The market dominance of is 39.5 % more than on 6.3 January 2022. Dominance of Ethereum, on the other hand, has dropped to 17 %, and countless other crypto-assets have also lost many dominance percentages. Polkadot (DOT) lost the most of the top ten crypto-assets during the week and lost 32.1 %.
In addition, Solana (Sol) fell by 30.5 % in seven days, and Ethereum ( ETH ) has fallen 24.6 % since last week. bnb fell by 23.9 % and XRP ( xrp ) and terra (luna) have both fallen by 21.2 % in the last seven days. bitcoin and ada this week saw the slightest percentage losses ada 12.4 % lost and bitcoin fell by 16.8 %.
The crypto economy has lost quite value last week and many people talk about the crash on social media. Vertical trends on Twitter indicate hashtags like #Kryptocrash and #bitcoincrash are in the trend Discussions About Michael Saylor and the Bitcoin supply of Microstrategy. People have wondered whether Saylor and Microstrategy will sell theirs or not Bitcoin Fesla have questioned whether he has his bitcoins too holds in the long term.
Meanwhile, most crypto supporters in Reddit forums and social media channels like Twitter have no idea when the slaughter will end. While a number of crypto supporters believe that the declining markets are almost over and new ATHs are on the horizon, others bitcoin Target = "_ blank" href = "https://twitter.com/magicpoopcannon/status/14845110906712067?S=20" Rel = "noopener"> further fall , below the 20,000 dollar zone.
Youtuber Colin Talks Crypto tweeted that he believes that the bull run is not yet over. "The price of Bitcoin has fallen enormously," wrote the crypto youtuber. "Many are afraid and panic. This is understandable. Zooming out. We are still over the decline from July 2021 to $ 29,000. For me, the bull run is not over, unless the Bitcoin price is less than $ 29,000 (and not just below)."
What do you think about the latest Bitcoin price drop and how he pulled the entire crypto economy down? Do you expect further declining cryptocurse or do you think the bull run is not yet over? Share your opinion on this topic in the comment area below.
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