The trading volume reaches its lowest monthly levels with the fluctuation in the price of Bitcoin at the level of 20 thousand dollars
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Answer The trading volume reaches its lowest monthly levels with the fluctuation in the price of Bitcoin at the level of 20 thousand dollars
This past weekend is very similar to the previous one as there are few movements in the cryptocurrency market.
Bitcoin is trading between $20,000 and $21,000, while most altcoins are in the red with trading volumes dropping to a monthly low.
Bitcoin returns to the level of 20 thousand dollars:
Last weekend, including Monday 4 July, which was a holiday in the US, saw the price of Bitcoin soar to the $20,000 level.
It took a few tries, but the coin finally broke that level and continued to draw new highs in the following days.Read:Top 5 Cryptocurrencies to Watch in April… Get to know them
Last Thursday saw the biggest price increase as Bitcoin jumped to $22,500.
This became the highest price level for bitcoin since mid-June.
The bulls were expecting another rally at this point, but their predictions failed and Bitcoin rebounded.
Yesterday, the bitcoin price fell below $22,000 and is currently trading just above the $20,000 level.
It is worth noting that yesterday’s total trading volume fell to its lowest level in just over a month, according to “Bitcoinity”.
The daily correction, made the market cap of Bitcoin lose the level of 400 billion dollars, and increases its dominance of altcoins to almost 43%.
The decline of altcoins:
The cryptocurrency space is notorious for high levels of volatility, and has been performing somewhat unexpectedly in the past few days with little or no movement.
Ethereum lost about 3% of its value in the last 24 hours and fell below $1,200.
As a reminder, just a few days ago, the price of Ethereum charted a multi-week high at over $1,250.
The prices of BNB, Solana and Polkadot fell by similar proportions in one day to below $230 and below $40 and $7 respectively.Read:The founder of Facebook confirms that NFT tokens will be integrated into the Instagram platform soon!
The total market capitalization of all cryptocurrencies is $909 billion, which is a 3% decrease.
Celsius fully repays its loan to Maker and recovers nearly 22,000 bitcoins as collateral
Bitcoin miner Compass Mining cuts staff by 15%
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