ADVERTISEMENT

Crypto Winters have just started. BTC drops to $3350, ready for $3000

ADVERTISEMENT

Must Read

Price Analysis of BTC, ETH, XRP: 19th September

With the recent addition of $53 billion by the Feds in the banking system has affected the price of...

North Korea’s latest weapon: Cryptocurrency

After China, now North Korea is planning to work on building its cryptocurrency to avoid strict international sanctions and...

Arab Switzerland Bank accepting cryptocurrencies: Swiss crypto interest increasing?

As more and more banks are collaborating with fintech firms to enter the growing list of well-known players entering...

In an almost flash selloff in the last few hours, Bitcoin has hit a yearly low of $3350 and is currently trading at $3358.52 as reported by CoinGecko.


The sell-off is a continuing trend in the cryptocurrency markets as the king of cryptocurrencies has dropped from a range of $6200-$6500 to $3500 in a matter of days. Bitcoin’s market cap has dropped by a whopping $5 billion in the last 24 hours alone and about $15 billion in the last week, which is a clear indication of a rapid bear trend.
Bitcoin is down about 85% from its all-time high of $19,781 in December last year.

The total market capitalization now stands at $107 billion and Bitcoin dominance is at 55.2%. Many experts predict that $3000 level is unavoidable and $1500 per BTC is a possibility as well.

What do you think about this bear trend? Comment below.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

2 comments

Leave a reply

Please enter your comment!
Please enter your name here

Latest News

Price Analysis of BTC, ETH, XRP: 19th September

With the recent addition of $53 billion by the Feds in the banking system has affected the price of...

More Articles Like This