Below $4k: Bitcoin’s Price Drops to a 420-Day Low
Bitcoin prices have fallen below $ 4,000 for the first time since September 27 last year.
The world 's largest cryptocurrency by global market cap at 16:20 on Saturday fell to an average transaction price of $ 3,970.43. According to Coindesk's Bitcoin Price Index, it is 7.5% lower than the start date of $ 4,298.83.
BTC's price dropped from $ 3,745.89 on a press-time basis to $ 1,700 (30%) for the last seven days, down about 81% to $ 20,000 in December.
When evaluating BTC, some famous Crypto currencies announce a 24-hour price increase, but the wider market, which includes the XTC (XRP), ethereum (ETH) and dash (DASH) We are experiencing loss.
Bitch Coin Cash (BCH), Stella (XLM), Monte (XMR) and Cardano (ADA) among the world's top 10 Cryptocurrencies are the worst performers and all 24-hour losses are 10% Coinmarketcap data.
The effect of the fall in cryptocurrency prices is a significant depreciation in the capitalization of the whole market. Just seven days ago, the market reached $ 182 billion, but the number dropped from $ 54 billion (30%) to $ 128 billion today (the lowest since September 2017).
Disclosure: I have written in BTC, AST, REQ, OMG, FUEL, 1st and AMP.
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