Black_background_logo_BitcoinWorld-removebg-preview
Bitcoin (Source: Coin Desk)
Bitcoin News

Cryptocurrency Update: Bitcoin, Ethereum Dip After Turbulent Day

Bitcoin (Source: Coin Desk)
Bitcoin (Source: Coin Desk)

It was a turbulent day of all sorts for Bitcoin and Ethereum on Sunday. As a result, in the last 24 hours Bitcoin dropped by over 3.55 percentage while Ethereum saw a fall by 1.38%.

Ethereum recorded a better recovery than Bitcoin. For at least five minutes on Sunday, Bitcoin hit the $100,000 mark on Binance, at the same time, Ethereum rose 62% to hit the $427k mark. The recovery saw Ethereum reach back to $381 but Bitcoin dropped a bit more than usual to register itself at $11,148.

All the top 10 cryptocurrencies have seen a drop – XRP saw 1.97% change while Tether changed by 0.06% and Bitcoin Cash dropped by 5.74%.

Among the other top 10 coins – Bitcoin SV, Litecoin were hit by mega changes as the former registered 5.82% change while the latter dropped by 5.05%.

Cardano changed by nearly three per cent, whereas Crypto.com Coin saw a dip by -2.94%. Binance Coin saw a drop of 0.24%.

Today might be a stable day and the prices of cryptocurrencies might not vary much after a turbulent day.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.