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Ethereum fell by 18%, Bitcoin – by 13.5%, but this is not a crypto winter

The swing in the cryptocurrency market continues: if the last week was marked by a significant increase, now it is an equally noticeable drop. And Ethereum loses the most in a day and a week: minus 5.5% and minus 18%, respectively. Now for 1 ETH they give about 1650 dollars.

Bitcoin is also declining: on a weekly basis, the fall was 13.5%, daily – about 3%.

Ethereum fell by 18%, Bitcoin - by 13.5%, but this is not a crypto winter

The crypto market is falling following the US stock market, with which they are directly dependent. However, the decline in the stock market is more moderate: Tesla shares, for example, fell by only 2%, Microsoft shares – by 1.4%. If we talk about the lows of this year, then for Bitcoin it is $17,500, and for Ethereum it is $920. Now cryptocurrencies have fallen to the level around the end of July. Since local minima are far away, there is no need to talk about crypto winter yet.

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Two Wheeler

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Digit News

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