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.

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Anupama Das

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

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