Bitcoin Crumples with Other Cryptos in the Market

In the last seven days, the price of Bitcoin is crushed down to 9% and it is now trading slightly above $36k. Last week around this time BTC was under $39k, and then the week was spent generously, the price managed to grow towards $40k, But unfortunately, yesterday everything just twisted to the worst. The entire market lost over $150 billion in the past 24 hours.

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BTC slid down to $36k from $39.5k in less than a couple of hours, the price has failed to recover. And interestingly, this took place as the Luna Foundation Guard declared yet another investment of $1.5 billion worth of BTC.

Although some other altcoins performed quite better than Bitcoin, others lost more than it. For instance, Ethereum got down to 8%, while the BNB lost more than 5%, and ADA is 7% down. On the other part, Solana lost around 16%, SHIB got down to 13%, AVAX to 15%, and the DOT also slipped down 16%. Ultimately there was a huge pullback of the entire market capital worth around $150 billion.

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Apart from this, the data reveals that Elon Musk’s recent deal with Twitter and taking over it has been backed up by one of the leading cryptocurrency exchanges Binance.

Anupama Das

An active reader and follower of news. A budding journalist tries to spread authentic news to people.

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