Bitcoin price ended four consecutive days of gains on Wednesday. Bitcoin, the world’s most popular cryptocurrency, is trading down 4% today at $22,863.
Shock to bitcoin investors, prices fall again after 4 days
Bitcoin price ended four consecutive days of gains on Wednesday. Bitcoin, the world’s most popular cryptocurrency, is trading down 4 per cent on Wednesday at $22,863. The global cryptocurrency market was above $1 trillion on Wednesday but fell 3% over the past 24 hours to a market cap of $1.13 trillion.
However, if we exclude Wednesday’s price, the price of bitcoin continues to rise. This is the first time since October last year that bitcoin is hovering around $23,000.
Prices of many other cryptocurrencies also fell
At the same time, the price of Ether on the Ethereum blockchain, the world’s second largest and most popular cryptocurrency, also fell by 6% on Wednesday. On Wednesday, the market price of Ether fell to $1,675. Dogecoin, Shiba Inu also saw a fall in prices on Wednesday.
While Dogecoin fell 3% to $0.06 on Wednesday, the Shiba Inu also fell 3% to $0.0000012. On the other hand, many more digital currencies including XRP, Solona, BNB, Litecoin, Chainlink, Tether, Polkadot, Stellar, Polygon have seen their prices fall in the last 24 hours.
what experts say
Idul Patel, CEO and Co-Founder of Mudrex, says that we have seen frequent fluctuations in the price of cryptocurrencies. But from time to time it has been seen many times. We have also seen a drop in the price of bitcoin in the last 24 hours but we will soon see a big jump in its price again.
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The month of July proved to be a golden month for Bitcoin, Ether and many other cryptocurrencies. The price of bitcoin has increased by 27% since October last year, while the price of ether has increased by 70% since January 2021.
Meanwhile, Asia crypto exchange Zipmex Pte will allow users to partially withdraw bitcoin and ether from their trending accounts later this week. This move by Zipmex Pte will give some relief to the people from the recent slowdown in the digital currency market.
Zipmex Pte banned customers from withdrawing crypto such as bitcoin and ether from their accounts in July due to a lack of liquidity in the digital market. Now Zipmex Pte will allow to withdraw Ether from August 11th and Bitcoin from August 16th.
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