I continued given a few days ago, the trend, the bitcoin rate continued to decline and fell in price by almost 4% today. In the last 24 hours, the minimum price for the digital asset fell to $34,220, and at the time of writing, it rebounded to $34,675.
Image source: coindesk.com
Following the price of one token, of course, the market capitalization of bitcoin is also declining – now it is slightly below the $660 billion mark. In annual terms, the asset price has already fallen by 25%. In addition to bitcoin, most other cryptocurrencies are now in the “red” zone.
The second largest cryptocurrency, Ethereum, shows an even more intense decline than Bitcoin, losing 4.5% in price, and the minimum value over the past day was $2,520. The picture looks bleak for other digital assets as well: XRP is worth $0.57, falling by 4.24%, Terra – $63.60 (-13.41%), and Solana – $78.27 (-3.64%).
Less than a week ago, the picture was completely different: cryptocurrencies went into active growth when investors were inspired by the decision of the US Federal Reserve to raise the key rate by 0.5% at once. The last time such an active dynamics of the US economy was observed 20 years ago. Three days ago, the decision of the department abandoned bitcoin for the $40,000 mark, but it did not stay long behind it.
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