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After Bitcoin lost 12% of its value per week…the total value of the crypto market is struggling to stay above $1 trillion

After Bitcoin lost 12% of its value per week…the total value of the crypto market is struggling to stay above $1 trillion

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Answer After Bitcoin lost 12% of its value per week…the total value of the crypto market is struggling to stay above $1 trillion

The cryptocurrency market is going through a difficult phase, as the past few days have seen the elimination of billions and the decline in the prices of most of the major digital currencies.

As the price of Bitcoin fell below $21,000 again.

Overall, the total market value is struggling to stay above $1 trillion.

Bitcoin drops below $21,000:

At the time of this writing, the leading cryptocurrency is back below $21,000 and back above $21,000, seeing a 1.4% drop in the past 24 hours alone.

Read:After “Facebook” … “Nike” enters the world of crypto and digital currencies through CRYPTOKICKS

Over the past day, Bitcoin’s dominance has increased by approximately 0.5%.

This means that during this period, bitcoin has performed better than altcoins.

In general, the entire market looks shaky at the moment.

With this week’s uncertain opening, Bitcoin’s total losses since last week are around 12%.

Poor performance of altcoins:

As mentioned earlier, Bitcoin has performed better than the rest of the market.

Source: Quantify Crypto

As shown in the above heat chart, the price of Ethereum is down about 3% in the past 24 hours, while SOL, DOT, AVAX, LINK, UNI, and others are down about 4%.

The cryptocurrency that lost the most in the last day was the digital currency CEL which recorded a 21% drop.

Read:Cardano (ADA) price rises amid talk of imminent launch of smart contract jobs

On the other hand, EOS looks to be the best performer, up 3% on the day and around 13.4% on the week.

Read also:

Learn one of the reasons why Bitcoin dropped to the $21,000 level

Learn one of the reasons why Bitcoin dropped to the $21,000 level


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