16, 2020, according to official figures. The market capitalization of Bitcoin also fell to approximately $400 billion at that time, which is a $200 billion weekly loss. The price later climbed back to $22,850 at 0536GMT for a daily loss of more than 10%. Ethereum, the world's biggest altcoin by market value, had its price dipping at $1,075.80 at 0230GMT -- its lowest since Jan. 14, 2021. It later rose to $1,225 at 0537GMT for a daily decline of 9.3%. The total value of the cryptocurrency market was down 7.1% to $963 billion at 0537GMT, which is more than a $300 billion loss in less than a week. 1 bitcoin 7 .
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EDT (2053 GMT), according to data on Binance, the world's largest crypto exchange by trade volume. With that result, Bitcoin broke below the price of $29,303 that was recorded on July 20 last year, which was regarded by many crypto investors as a strong support level. Bitcoin struggled to find support at $29,000 and further plummeted to $28,200 just after three minutes with a panic selloff and later plummeted to $27,785 at 5.28 p.m. EDT (2128 GMT). The latest figure marked the lowest since Dec. 30, 2020, when it fell to $27,418, according to official figures. The total value of the crypto market stood at $1.24 trillion at the time with more than a 12% loss in a single day, according to data from the digital asset price-tracking website CoinMarketCap. Betgit kayıt.
The market, however, is significantly down from $3 trillion market cap that was recorded in November. The cryptocurrency market is highly correlated to the tech-heavy Nasdaq in recent months, and the pessimism in equity markets is regarded as a major reason behind the steep decline in cryptos. The Nasdaq futures were down 2.3% at 9.15 a.m.
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