Bitcoin News

Today’s cryptocurrency prices: Bitcoin is falling as the bear market persists, and other virtual coins are following suit

Cryptocurrency prices have continued to decrease as the virtual coin market has experienced considerable volatility over the last 24 hours.

Due to massive profit-booking, crypto prices began to decline following Monday’s trading session and have remained sluggish since then. Monthly options expiry, according to experts, is also a cause of volatility in the crypto market.

At 12:07 p.m., Bitcoin (BTC), the world’s most popular cryptocurrency, traded just below $47,000, down 2.95 percent. The market capitalization of the virtual currency has plummeted to $882 billion.

It should be remembered that Bitcoin hit a high of $50,000 on Monday, and its market capitalization is already approaching $950 billion.

The value of Ether (ETH) has likewise plummeted in the last 24 hours. It was selling at $3,109, down more than 3% from the previous day’s price. The market capitalization of Ether has dropped to $363 billion.

Due to the selloff seen over the last 24 hours, all other cryptocurrencies have lost ground as well, trading 3-8 percent lower.

“The crypto markets were very volatile during the previous 24 hours,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, said of the cryptocurrency market. Before the monthly options expiry, such volatility is common.”

CryptocurrencyPrice (US Dollar)24-hour changeMarket cap (Billion)Volume (24 Hours)
Bitcoin46,999.44-3.07%$883.69$33.70 billion
Ether3,112.16-3.39%$364.62$20.52 billion
Dogecoin0.277309-6.19%$36.26$2.16 billion
Litecoin170.77-4.09%$11.68$1.66 billion
XRP1.13-4.31%$112.74$4.59 billion
Cardano2.62-6.06%$84.71$5.85 billion

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.