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The bitcoin price has fallen below $ 4000 for the first time today since September 27th last year.
At approximately 4:20 pm UTC on Saturday, the world's largest cryptocurrency by market capitalization dropped to an average trading price of $ 3,970.43, a figure of 7.5% lower than the $ 4,298 opening price , 83, second Coindesk bitcoin price index.
At $ 3,745.89 at the time of the press, the price of BTC fell more than $ 1,700, or 30 percent, in the last seven days alone and 81 percent from its all-time high of around $ 20,000, back to December.
While several well-known cryptocurrencies publish positive 24-hour price developments when evaluated against BTC, including XRP (XRP), ethereum (ETH) and dash (DASH) which are all 2% higher in terms of BTC, the most broad continues to record substantial losses compared to the USD.
Among the 10 largest cryptocurrencies in the world, the bitcoin cash (BCH), the stellar (XLM), the monero (XMR) and the cardan (ADA) are the worst, reporting losses of 24 hours over 10% (compared to USD ), according to data from Coinmarketcap.
An effect of the collapse of cryptocurrency prices is a significant depreciation in the capitalization of the entire market. Only seven days ago, the market was valued at 182 billion dollars, but since then the number has dropped to 54 billion dollars, or 30% to 128 billion dollars, the lowest value since September 2017.
Revelation: The author holds BTC, AST, REQ, OMG, FUEL, 1 ° is AMP at the time of writing.
The man hanging on the edge of the mountain image through Shutterstock;
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