In the past 24 hours, the cryptocurrency market has suffered significant losses because the entire cryptocurrency market value has fallen below US$1 trillion to US$823 billion, a loss of approximately 9.9% in value. Since the price of Bitcoin rose on Sunday, January 10, the price of Bitcoin has plummeted by more than 25%, the biggest price plunge this year.
Since crypto assets have lost any level of 15% to 35% or more in the past 24 hours, the digital currency market on Monday is at a loss. In terms of market valuation, the leading digital asset Bitcoin (BTC) fell by more than 20% at the time of launch.
Bitcoin (BTC) fell 25.2% after reaching a low of $30,261 on Monday afternoon (EST) and reaching a high of $41,056 on Sunday. At the time of writing, BTC is being exchanged with the global BTC trade volume of US$38 billion at a price of more than US$32,000 per unit.
Ethereum has lost considerable value in the past 24 hours, and crypto assets are currently down 27%. Ethereum (ETH) was exchanged at a price of US$933 per unit after it was much higher than the price of US$13,000 the day before.
XRP fell 15% because its trading price was $0.27 per token, while Bitcoin Cash (BCH) fell 30% today. BCH reached a 2021 high on Sunday, and each coin is worth more than $625. However, currently, Bitcoin Cash (BCH) is changing hands at a price of $413 per unit.
The stocks with the biggest gains today rose between 8% and 91% on Monday, with the token equity network leading. This is followed by other crypto assets that saw gains on Monday, including STK, ZEN, MXC and DAG.
Today, the biggest loss token in the crypto economy is CTXC, which lost 47%. Following CTXC, coins such as DMT, BCD, RCN and MKR also suffered huge losses.
Due to the sharp drop in Bitcoin (BTC) last weekend, there is now an upward gap in the CME Group Bitcoin futures chart. The two larger gaps between the two sides are between $23,670-$26,645 (downward) and $39,165-$40,535 (upward).
Etoro analyst Simon Peters explained in a report to investors that the crypto market is still in a healthy state. Peters wrote: “Despite the drop yesterday, we are still in a healthy state.” “Not only do we continue to see institutional investment, but as investors move tokens to wallets, the number of bitcoin held on exchanges is decreasing. , Glassnode’s data shows that as more and more investors stay on the sidelines, Bitcoin’s liquidity is getting weaker and weaker.”
The Etoro analyst further added that he was not surprised to see the BTC price over the range of $70,000 at the end of the year. Peters said: “I believe we can set the price range of 70,000-90,000 US dollars as the price target for the end of 2021.” “There will inevitably be bumps on this road, and there will be many retracements without a doubt, but still There are many gains.”
View all the latest cryptocurrency price trends in real time on market.Bitcoin.com.
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