World
Breaking: Crypto tragedy as bitcoin suddenly loses $9,000
Breaking: Crypto tragedy as bitcoin suddenly loses $9,000
In one of the most volatile days of the year, BTC price action fell below $43,000 as trading continued on September 7 after trading above $52,000 in the early hours of Tuesday
Ironically, U.S. Treasury yields, which are on the rise, prompted investors to trim their risky asset positions on Tuesday before a European Central Bank meeting this week.
Currently, the price of bitcoin trades at around $47,200, well below the minimum, as the price is still unstable.
Over 200 billion worth of Crypto was lost, amid record selling pressures. Over the last day, the global cryptocurrency market value decreased by 11.94% to $2 Trillion.
For the day, the total crypto market volume was $184 billion, an increase of 34.88%. Current volume in DeFi is $14.75 billion, or 13.44% of the market’s 24-hour volume.
The volume of all stable coins is now $144.6 billion, which is 78.54% of the total crypto market’s 24-hour volume. Bitcoin’s dominance is currently 42.82%, an increase of 1.36% over the day.
About 4:20 pm on Tuesday, $3,534.87 was trading for the leading altcoin, down 10.28% for the day. Since June 21, it was the biggest one-day percentage loss.
As a result of the move downward, Ethereum has a market cap of $429.82 billion, constituting 19.27% of the total cryptocurrency market value. At its peak, Ethereum’s market capitalization reached $479.2 billion.
The Ethereum price ranged from $3,514.60 to $3,945.79 for the day.
- Politics14 hours ago
King Salman Humanitarian Aid & Relief Centre and Abibakr As-Sidiq Philanthropic Home Commission Solar-Powered Borehole Project in Kwara State, Nigeria
- News14 hours ago
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 1st May 2024
- Sports15 hours ago
UCL: Vinicius Jr hails Real Madrid star after scoring 2 against Bayern
- News16 hours ago
We And The Trials Of Brother Bello – Prefessor Anthony Kila
- Sports15 hours ago
UCL: I’m sure – Thomas Tuchel predicts team to play final in Wembley
- News15 hours ago
BREAKING: Binance Founder, Zhao sentenced to 4 months in prison
- Sports13 hours ago
Brentford buy Flying Eagles Defender Frederick from Moses Simon’s Kaduna academy
- Top Stories16 hours ago
Dangote Refinery To Get Valid Operating Licence Soon – FG