Tesla, MicroStrategy, and Block lost about $5 billion from the Bitcoin fall.
Bitcoin trading volume has reduced by 26.45% in the last 24 hours.
According to CoinMarketCap, the price of Bitcoin sits at around $23,125.
Due to the downtrend in the crypto winter and BTC’s significant decline over the last few months, the market leaders who invested in Bitcoin such as Tesla, MicroStrategy, and Block faced a loss of about $5 billion from the drop in Bitcoin according to data from Bloomberg. Being eyed by many whales and industry leaders, Bitcoin has a huge impact on the financial world.
Tesla, MicroStrategy and Block lost about $5 billion from the drop in Bitcoin https://t.co/lyKk9hwuAH
— Bloomberg Crypto (@crypto) July 22, 2022
Since January 1, 2022, BTC has dropped from its monthly close of around $38,466 to its current level, which is $23,103 at the time of writing. According to CoinMarketCap, this follows after a price increase of 0.90% in the last 24 hours.
Based on the 1-hour chart...
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