LIVELow Gem Coin in Nigeria
--
The ongoing regulatory challenges and macroeconomic factors are reasons behind the steep decline in Bitcoin #MarketDownturn The price drop has led to the liquidation of $600 million in leveraged long positions, highlighting the risks of leveraged trading in crypto.
The global crypto market has seen a significant downturn, with its market cap dropping to $1.89 trillion, a 12.29 per cent decrease in just one day. Despite this, Bitcoin remains a strong player, maintaining a dominance of 56.56 per cent. Bitcoin also slipped below the $49,000 mark briefly, taking it to its lowest levels since February.
Edul Patel, CEO of Mudrex, claims Bitcoin's fall happened due to increased sell-offs and the Bank of Japan's rate hike, which strengthened the yen and dropped the Nikkei index. The US Federal Reserve's decision to keep rates unchanged and escalating Middle Eastern tensions have also added pressure. Patel claimed that bitcoin's.
in midst of this Bitcoin has reclaimed $54,000
The global crypto market has seen a significant downturn, with its market cap dropping to $1.89 trillion, a 12.29 per cent decrease in just one day. Despite this, Bitcoin remains a strong player, maintaining a dominance of 56.56 per cent. Bitcoin also slipped below the $49,000 mark briefly, taking it to its lowest levels since February.
Edul Patel, CEO of Mudrex, claims Bitcoin's fall happened due to increased sell-offs and the Bank of Japan's rate hike, which strengthened the yen and dropped the Nikkei index. The US Federal Reserve's decision to keep rates unchanged and escalating Middle Eastern tensions have also added pressure. Patel claimed that bitcoin's.
in midst of this Bitcoin has reclaimed $54,000
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 1