Daily crypto: Bloody day in the markets – bitcoin drops to $7,500

Daily crypto: Bloody day in the markets – bitcoin drops to $7,500.

Image source: Shutterstock

Christian Ploog

christian.ploog@trijo.co

Bitcoin does not seem to have shaken off the bear market that has been hanging on for a while now.

Over the past 24 hours, the bitcoin price has decreased by up to seven percent. During the night to Wednesday, it dropped to $7,500.

In addition, the entire crypto market has decreased by $30 billion since Monday. It is one of the biggest drops in the past month, according to Coinmarketcap.

Total market cap for all cryptocurrencies during the past month.

The total market cap for all cryptocurrencies during the past month. Image Source: Coinmarketcap

Looking at the biggest cryptocurrencies, bitcoin (-5,84%) is the one that decreased the most during the last 24 hours. But also ethereum (-5,34%), bitcoin cash (-4,56%) and eos (-2,44%) have fallen in value.

The only major currency that has gone up is xrp (+2,37%). In fact, the cryptocurrency performed second best on the top 100.

The one that performed the best on top 100, however, was odem (+5,46%), and the ones that performed the worst were polymath (-29,84%) and bitcoin private (-20,29%), according to data from Coinmarketcap.

Asset: Price: % (24h)
Bitcoin $7 631,77 -5,84%
Ethereum $425,45 -5,34%
Xrp $0,450087 +2,37%
Bitcoin cash $763,44 -4,56%
Eos $7,34 -2,44%

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