Bitcoin has dropped below $ 4,000 again, and major altcoins are following suit. The cryptocurrency market returned to the red zone, as the recovery was short-lived. The total capitalization of all digital assets in circulation, due to the resumption of bearish pressure, hovers around 130 billion US dollars.
Bitcoin (BTC), the largest and most popular cryptocurrency, has lost more than 3.6% in the last 24 hours and is now trading at a price of $ 4,021. The coin has fallen by almost 4% since the beginning of this day, bargaining with a strong bearish bias.
Ripple (XRP) fluctuates around $ 0.36, which is 2.4% lower than yesterday. The second largest digital asset with a market capitalization of $ 14.5 billion has fallen from an early Asian high of $ 0.3699, but the short-term trend shows signs of a reversal.
The Ethereum cryptocurrency (ETH) is trading at $ 113, down from an Asian high of $ 116. ETH remains well below the key level of $ 120, approaching the level of $ 110. The third largest coin with a market value of $ 11.7 billion has decreased by 3.69% in the last 24 hours and by 3% since the beginning of the day.
What do you think about the situation in the cryptocurrency market?
