Bitcoin slides below

Bitcoin slides below $46k resulting in 3% loss of crypto economy

Bitcoin slides below the $46k price mark resulting in an almost 3% loss of crypto-economy on Monday. Statistics show that the top ten digital assets lost between 3% to 7% during the last 24 hours following the Bitcoin price drop.

Bitcoin slides below $46k:

The Crypto market is still consolidating with no clear direction. Flagship currency is showing high volatility. Yesterday, the price of BTC went below $46k to $45,738. Bitcoin slides below $46k but if we see data of this year then flagship currency is up more than 90%. The downfall of BTC started a month before and is down by 21.8%. In the $2.24 trillion crypto economy, bitcoin represents 38.6% with a market cap of $864 billion, accordingn to CoinMarkeCap.

Bitcoin slides below
BTC/USD via Bitstamp on December 20, 2021.

The second-largest currency, Ethereum, was also affected by the fall of the primary currency. Ethereum lost 8.7% during the last day and it is down 4.4% during the last 24 hours. Ethereum is now trading at $3787 and has a market cap of $448.8 billion. Ethereum represents 20% of the total crypto economy. Despites bitcoin slides below $46k, four tokens managed to gain in the last 24 hours.

Bitcoin slides below

The biggest losers on Monday include curve dao token (CRV) down 10%, compound (COMP) down 10.5%, and waves (WAVES) down 10.2%. Out of the 11,836 crypto coins, today traded on 533 exchanges worldwide, there’s $102.8 billion in global trade volume. Huobi group executive has expressed that downward movement is still strong in the crypto market and investors need to pay attention to it.

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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