bitcoin

Bitcoin, Ethereum, and others nose-dive as market witness bloodbath scenes

The scenes we are witnessing with cryptocurrencies is well beyond a dip, it’s a bloodbath. As Bitcoin, Ethereum, and other coins nose-dive.

Bitcoin has fallen by over $8,000 today alone as the Bears continue their siege on the market.

Over the night, the global cryptocurrency market capitalization recorded a loss of more than $350 billion.

Bitcoin’s weekly loss sits at 37.97% as at the time of writing. Not to mention the daily loss of 20.63%.

Ethereum and others follow the freefall path

Ethereum is performing even worse than Bitcoin; falling by over 42.45% in the last seven days and 26.78% in 24 hours.

Binance coin has shaved off almost 50% (48.80%) so far this week and 33.93% today.

Elon Musk-backed Doge fell by 25.68% this week and 29% today.

Others include:

TokenLast Seven days24 hours
Cardano (ADA)Dropped by 14.64%Dropped by 27.72%
Ripple (XRP)Dropped by 18.39%Dropped by 26.23%
Litecoin (LTC) Dropped by 44.80%Dropped by 33.90%
Source: CoinmarketCap

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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