The price of Bitcoin on Tuesday dove to its lowest level in 18 months as the sell-off continues in cryptocurrency and global equity markets with fears of recession stemming from the Federal Reserve's rate hikes. Bitcoin, the world's largest crypto by market size, saw its price further plummeting to $20,846 at 0200GMT, marking the lowest level since Dec. 16, 2020, according to official figures. The market capitalization of Bitcoin also fell to approximately $400 billion at that time, which is a $200 billion weekly loss. The price later climbed back to $22,850 at 0536GMT for a daily loss of more than 10%. Ethereum, the world's biggest altcoin by market value, had its price dipping at $1,075.80 at 0230GMT -- its lowest since Jan. Handicaps and totals low are varied both for the entire match and for its segments.
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It fell to $29,000 at 4.53 p.m. EDT (2053 GMT), according to data on Binance, the world's largest crypto exchange by trade volume. With that result, Bitcoin broke below the price of $29,303 that was recorded on July 20 last year, which was regarded by many crypto investors as a strong support level. Bitcoin struggled to find support at $29,000 and further plummeted to $28,200 just after three minutes with a panic selloff and later plummeted to $27,785 at 5.28 p.m. EDT (2128 GMT). The latest figure marked the lowest since Dec. En fazla yumurta veren tavuk.
Bitcoin dives to $17K again, hovering around lowest in 2 years. Bitcoin on Wednesday dove to $17,000 for the second consecutive day as the major sell-off in the cryptocurrencies market continues. Price of Bitcoin was below $17,300 at 8.00 a.m. EDT, while it traded at $17,750 at 10.00 a.m. EDT for a 8.5% loss. Price of the world’s largest crypto by market size was hovering around its lowest level since December 2020. Ethereum, the world’s biggest altcoin, was trading at $1,237 for a massive 14.1% daily decline. The total value of the cryptocurrency market was down 9.9% to $875 billion at the time, according to data from the digital asset price-tracking website CoinMarketCap. Some altcoins saw their price plummet between 25% to 30% in the past 24 hours.
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