June 23, 2024

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The fall of Bitcoin has no end, it has accumulated 46% and withdrawn all other cryptocurrencies

The fall of Bitcoin has no end, it has accumulated 46% and withdrawn all other cryptocurrencies

According to the analysts, Bitcoin is showing resistance at $38,500 and it will need to break this level in order to rise to $40,000.

On the other hand, Ether, the second most traded digital asset, is trading at $2,500 and experts at Tradingview expect the price correction to end soon.

Aharon Cryptocurrency Like Binance Coin, Cardano, Solana, XRP, and Luna are down between 3 and 7% in the past hours.

intense fear

In addition to the fact that cryptocurrencies are inherently volatile, the sharp decline is worrying the global cryptocurrency ecosystem.

According to the “Fear and Greed” Index, which analyzes the emotions and sentiments of the cryptocurrency market, investors have been feeling “extremely scared” for more than a month.

This indicator uses several factors to determine the general mood of the market, such as historical prices of Bitcoin and other cryptocurrencies. volatility the total volume of the market; dominance; Among other variables.

How much are the most popular cryptocurrency trading and how much have they lost from their last milestone?

  1. Bitcoin is trading at $37,000, down 46% since it last hit an all-time high in November at $69,000.
  2. Ether is trading at $2,500 and at the same time with Bitcoin, it has reached an all-time high of $4,800. In percentage terms, the decrease is 48%.
  3. Binance coin is hovering around $370 but reached an all-time high of $686 in May last year. It fell by 45%.
  4. Cardano, the cryptocurrency traded under the acronym ADA, was trading at $3 five months ago. Today it is worth $1 and is down 66%.
  5. Solana is down 65% from an all-time high of $259, and today it is trading at $91.
  6. In May last year, Dogecoin reached an all-time high of $0.73 and it has been falling ever since. As of today, it is accumulating a decrease of 81% and its price is around 0.13 USD.
  7. From October 28, 2021 to today, Shiba crypto has dropped by 75%. It is now trading at $0.0002090.
  8. Avalanche, the cryptocurrency that traded under the acronym AVAX, traded at $144 in November last year and has since fallen 54%. Today it is trading at $66.
  9. Luna, the Terra blockchain token, is down 55% from its all-time high of $103. This new milestone for cryptocurrency occurred on December 27 and today, January 31, it is trading at $46.
  10. Polkadot is trading at $17 but in November of last year, before the pullback began, it reached an all-time high of $54, down 68%.
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