Bitcoin faces an abrupt downfall below $28K.
However, Altcoins too facing a downward momentum.
As per yesterday’s reports, Bitcoin dropped over 3% in just 15 mins that led the cryptocurrency to fall below $30,000. The decline in price influenced market sentiment, and also $100M worth of bitcoins are liquidated to Binance. On Thursday, the European Parliament also passed a crypto legislation making it a positive move in the market. However, Bitcoin couldn’t see a price surge as before.
Bitcoin Price Chart (Source: CoinMarketCap)
Cryptocurrency Movements In The Market
Several other altcoins including Ethereum (ETH), Polygon (MATIC), and Dogecoin (DOGE) started falling around 5% in the meantime. This Friday, when compared to the last 24hrs, BTC is down for the consecutive third day with a 3% fall, reaching $28,000. The popular bitcoin lost nearly 10% over a week whereas, the second popular cryptocurrency, ETH, has lost 8% considerably.
The United States Securities and Exchange Comm
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