Ethereum also dipped below $1,500 Saturday.
Bitcoin Suffers in Market Dip
The crypto market’s selloff hasn’t let up.
Bitcoin briefly dipped below $20,000 Saturday, extending its weeks-long losing streak. According to CoinGecko data, it’s down about 3.9% today and 18% over the past 14 days. Bitcoin last dropped below the crucial $20,000 level in mid-July but has been hit by volatility in August. It’s currently trading at $19,996.
The world’s second-biggest cryptocurrency, Ethereum, also suffered as Bitcoin retraced. According to CoinGecko data, Ethereum is 7.6% down on the day, trading at about $1,475. Like Bitcoin, it’s had a rocky couple of weeks, shaving off about 24.7% of its market value.
Several other assets, including Layer 1 networks Solana and Avalanche and DeFi staples Uniswap and Aave, have also bled in the downturn.
A rally across the market throughout July and early August sparked hopes that the crypto market could be showing signs of life after a months-long slump....
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...