After hitting a record high, the prices of top cryptocurrencies Bitcoin and Ethereum plummeted. At the same time, other top cryptocurrencies opened bearish on Thursday. The global cryptocurrency market value has fallen to US$2.83 trillion, a plunge of 2.44%. CoinMarketCap data.
Bitcoin At 4 am Eastern Time, the price fell 2.14% in the past 24 hours to $65,296. After BTC hit an all-time high of US$69,530 on Tuesday, the price cooled slightly on Wednesday. However, in the past 7 days, the price of Bitcoin has risen by 5.84%.
There is speculation that the world’s most popular cryptocurrency BTC may enter the six-figure field in this bull market cycle.However, it faces a big obstacle in the short term-70,000 USD, which indicates that Bitcoin may need strong buying pressure to achieve this milestone, according to Crypto analyst.
Ethereum has also fallen by 0.11% in the past 24 hours to US$4714.64. However, compared to the past 7 days, the price has increased by 4.53%.
Among other top cryptocurrencies, Binance Coin, Cardano and Polkadot also started bearishly on the day.
Cardano, ranked 4th on Tuesday, fell to 6th again on the top cryptocurrency charts. In the past 24 hours, its price has fallen to $2.13, a drop of 4.19%.
Polkadot has also plummeted by 5.29% in the past 24 hours, and its price is $48.86 at the time of writing.
At the same time, Solana and Tether opened up bullish. Although Solana’s value is $244.79, which has risen by 1.04% in the past 24 hours, Tether’s transaction price is $1.00, which has risen by 0.03% in the past 24 hours.
The prices of Meme cryptocurrencies Dogecoin and Shibainu, which made headlines last week, also fell by more than 4%.
The cryptocurrency market is extremely unstable, and experts advise investors not to make decisions based on sudden changes in prices.
Photo: British IB Era
