Bitcoin Dips Below $61,000 Investors Dump Crypto Assets
The market price of World largest digital currency, Bitcoin, plunged below $61,000 briefly as investors continue to sell crypto asset, losing about 7.5% of its value in the last seven days.
The market capitalisation of all cryptocurrency fell below $2.3 trillion in latest bearish play that follow sustained sell down in Bitcoin Exchange traded fund.
At the time of writing, global crypto market cap has declined by 0.08% in the last 24 hour to settle at $2.26 trillion, according to data obtained from cryptocurrencies exchange.
Also, the total crypto market volume over the last 24 hours declined by 8.58% to $57.2 billion. According to CoinMarketCap.com, the total volume in DeFi is currently $4.34 billion, accounting for 7.59% of the total crypto market 24-hour volume.
The Exchange also stated that the volume of all stable coins has reached $52.72 billion, which is 92.18% of the total crypto market 24-hour volume.
According to market report, most major digital assets fell on Wednesday with bitcoin (BTC-USD) dropping below the $61,000 mark.
The CoinDesk Market Index, which tracks 192 digital assets, was down 1.9% in the past 24 hours. The S&P 500 and Dow Jones Industrial Average both gained 0.1%, while the Nasdaq 100 was up 0.5%.
Bitcoin (BTC-USD), the largest cryptocurrency by market value, dipped 1.5% in the past 24 hours to $60.972, according to CoinMarketCap data. Trading volume shrank 34.9% to $22.32 billion.
Ethereum (ETH-USD), the second-largest digital asset, shed 0.5% to $3,401.
BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, lost 0.7%, while Solana (SOL-USD), the fourth-largest, was 1% lower.
XRP (XRP-USD) fell 1.4%, Dogecoin (DOGE-USD) slumped 3%, Cardano (ADA-USD) dropped 1%, while Toncoin (TON-USD) was up 1%.
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