The fall of all cryptocurrencies continues: if yesterday we bitcoin dropped below $20,000then over the past 24 hours it dropped to $17,600, bounced back to $18,200, but at the time of publication of the note, it again fell below $18,000.
Over the past week, the cryptocurrency has fallen in price by more than a third. The market capitalization of the coin is only $347 billion. Whether Bitcoin has a chance to turn around in the opposite direction, no one can say for sure. But similar shocks have happened before, after which bitcoin has shown a steady increase.
Ethereum has fallen to $888 in the past few hours, and at the time of publication of the note, the cryptocurrency exchange rate was $940. If earlier the situation of falling below $1,000 seemed scary, now the holders of the coin hope that it will not fall even lower. Over the week, the rate has fallen by more than 35%. The market capitalization of the coin is $115 billion.
Other coins did not collapse so much: Solana fell by only 5.6% over the week, Cardano – by 12.5%, Dogecoin – by 20%, Shiba Inu – by 12%, Avalanche – by 20%.