At the beginning of this week, the entire cryptocurrency market was spreading the hope of entering the realm of bulls. The coins rebounded at the price they were trading at the beginning of the month. However, the realm of the bull seems to end when the whole market has started to bleed.
Bitcoin [BTC], the largest cryptocurrency by market capitalization, again fell below the value of $ 4000, only after a few trading days above the value of $ 4000. The currency is currently trading at $ 3.957 on Coinbase, losing over $ 200 in a few minutes.
According to CoinMarketCap, at the time of the press, the cryptocurrency had a market capitalization of $ 69.89 billion and a trading volume of $ 5.96 billion. The currency had recorded a fall of 7.92% in the last 24 hours. The highest trading volume for the currency is recorded on BitMEX with BTC / USD pairs. The second highest trading volume is entering from Binance with the USDT combination. Other exchanges in the top five are Coinbene, Liquid and OKEx.
Last year on this day, Bitcoin was trading at its highest at $ 10,850, starting its journey to reach nearly $ 20,000 in the next two days. However, on November 30, 2016, the currency was traded at a maximum of $ 745.
Furthermore, the bear has recovered all the other cryptocurrencies on the market. In addition to Bitcoin SV, all the top-20 coins recorded a huge dip in the space of one day. Tron [TRX], the twelfth largest cryptocurrency, proved to be the biggest loser on the market, losing over 14.54%. litecoin [LTC] and EOS have seen a fall of over 10%, while XRP, Ethereum and Stellar Lumens have seen a dip of over 7%.
Jun Akira, a fan of cryptocurrency, said:
"Sweet 3000 !! This is like a 98% flash sale on Walmart and Amazon Black Friday all over again Buy and HODL see you when we are at 20K The best part is that everyone knows that everything is cheap and is just a matter of time before pushing again ".
Martinkarolev, a Redditor said:
"We are fakkt."
Decentralized: Jesus said:
"Praise the Lord because he gave us another black Friday, Amen!"
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