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    Saturday, September 12

    Bitcoin Price Slumps to $43,200

    Julius AlagbeBy Updated: Cryptocurrency No Comments2 Mins Read
    Bitcoin Price Slumps to $43,200

    Bitcoin Price Slumps to $43,200

    Bitcoin price slumps further today in a volatile trading session. A large number of retail investors sell down the cryptoassets.

    Most of the major 20 cryptocurrencies, led by Bitcoin (BTC-USD) and Ethereum (ETH-USD), slipped in late New York trading on Thursday. Bitcoin price falls to $43,244 at press time amidst retail selloff.

    Bitcoin was recently changing hands at $43,484 a few hours ago, down 2.7% over the past 24 hours, after touching $42,645 earlier in the day, the lowest point since Sept. 30.

    The trading volume of the largest cryptocurrency by market value was up 27% at $37.16 billion. The recent retreat expanded the oldest cryptocurrency’s year-to-date loss to 6.1%, compared with a 1.3% loss for the S&P 500 Index.

    Sixteen additional cryptocurrencies logged losses on Thursday, with Ethereum, the second-largest cryptocurrency by market value, making the biggest move, sinking 5.5% to $3,450.

    Solana (SOL-USD) and XRP (XRP-USD), the no. 4 and 5 cryptocurrencies by market value, fell 3% and 2.2% respectively. Cosmos (ATOM-USD), the no. 14 cryptocurrency by market value, meanwhile, jumped 7.3% to $40.62.

    The price decline in the major cryptoassets dragged market capitalisation down to $2.07 trillion, falling by 2.50% in the last 24 hours as Bitcoin continues to shedding weight. #Bitcoin Price Slumps to $43,200

    Read Also: Oil Slumps as Virus, Chinese Economy Stoke Demand Fear

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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