BTC Price Drops 16% in 24 Hours
The first cryptocurrency, according to CoinmarketCap, fell in price by 16.53%. For 7 days, the price fell by 24.98%. At the time of writing, the cost of BTC was $23.49 thousand.
Along with bitcoin, other cryptocurrencies from the TOP also fell in price. The cost of ETH was $1230, BNB - $225. Dogecoin lost the most in price. The cost of DOGE decreased by 19% in a day and by 32.88% in 7 days.
The fall in the value of cryptocurrencies has intensified trading. Bitcoin, which lost 16.53% of its capitalization per day, traded 105.58% more actively.
According to the Coinglass platform, $500 million worth of positions were liquidated in the futures market. According to some analysts, there is currently no evidence in favor of an early trend reversal.
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