Bitcoin has once again slumped below the psychological mark of $20,000 on Wednesday morning, a level last seen on June 22.
At the time of writing, the leading cryptocurrency is trading at $19,998, down 5.27% over the past 24 hours, according to data provided by CoinMarketCap.
The rest of the market is firmly in the red too.
Ethereum, the industry’s second-largest cryptocurrency, fell 7.45% in the day and is currently priced at around $1,128.
Other top cryptocurrencies have also fallen. Solana (SOL) is down by 9.8%, trading at $35.16, Avalanche (AVAX) fell 6.82% to $18.21, Binance Coin (BNB) fell 8.39% to $219.62.
Bitcoin pulls crypto market lower
The latest price action, which also saw the cumulative market capitalization of all cryptocurrencies plummet below $900 billion, can be seen as yet another sign of investor uncertainty and the increasing pressure on the industry’s major players.
According to the latest CoinShares report, outflows for Bitcoin-specific funds totaled $453...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
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...