Why does Bitcoin continue to decline, while altcoins are red after the recovery
Bitcoin continues to correct strongly after recovering above the $66,000 threshold yesterday.
Bitcoin and Altcoins
Bitcoin continues to decline after recovering to above $66,000.
In the past 24 hours, the asset with the top market capitalization has lost more than 3% of its value, plunging to around $63,000 at the moment.
Based on the 7-day time frame, BTC has lost more than 11% as tensions in the Middle East are escalating.
Ethereum (ETH) also turned down during the day. The second largest asset by market capitalization fell close to the $3,000 area after recovering to above $3,250 the previous day.
On a 7-day timeframe, ETH has evaporated more than 16% of its value.
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