It has been a tough last 24 hours for the world’s crypto markets. The world’s biggest cryptocurrency bitcoin was trading as high as $10,955 on Tuesday, but the price never managed to climb above $11,000.
Instead, on Wednesday morning (CEST), the bitcoin price fell several hundred dollars in just a few minutes and eventually traded as low as $10,082, according to numbers from Bitstamp.
This is a decline of about eight percent. Bitcoin is still struggling to stay above the $10,000 mark.
Lost market value
Bitcoin’s total market cap has dropped from $193 to $182 billion since yesterday – a decrease of $11 billion.
Bitcoin now accounts for 68.9 percent of the total market value for all cryptocurrencies, according to Coinmarketcap.
Altcoins also decline
If we look at other big cryptocurrencies, all of them show red numbers in the last 24 hours.
Ethereum has decreased 5.8 percent and is currently trading at $188, xrp has dropped 4.6 percent and is now trading at $0.266747, and bitcoin cash has fallen 4.7 percent and is now trading at just over $300, according to numbers from Coinmarketcap.
