Crypto Market Loses Almost USD 80bn This Week As Bitcoin Briefly Dips

152 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

mmedinaturcios
Published
The sell-off in the crypto market has continued this weekend with bitcoin (BTC) briefly dipping below USD 10,000 on Saturday. Since Wednesday, the total market capitalization dropped by almost 20%, to USD 318bn today. At pixel time (06:48 UTC), BTC trades at USD 10,113, somewhat recovering from USD 9,951 reached on Saturday evening (UTC time). The price is down by almost 4% in a day and 13% in a week, increasing monthly losses to 14.5%. However, BTC recorded the smallest drop among the top 60 coins today, except bitcoin (SV) (unchanged in a day), and LEO (-2%). As a result, BTC dominance, or the percentage of the total market capitalization, increased to 58.8%, or the level last seen in the first half of August. Meanwhile, ethereum (ETH), which recently rallied on the back of the DeFi frenzy, is down by 16% to USD 325, while other coins from the top 10 dropped by 4%-17%. As usual this week, DeFi tokens crashed the most, with some top projects diving by more than 40% (UMA).


All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/crypto-market-loses-almost-usd-80bn-this-week-as-bitcoin-bri-7632.htm


#usd #newsoftoday #bbcnewsworld #newstodayfox #cnnnewstoday #newstodaylocal #
Category
Crypto Trading
Tags
Be the first to comment