Monday, December 5, 2022
HomeDigit NewsThe crypto-currency market is flying into the abyss: Bitcoin is already worth...

The crypto-currency market is flying into the abyss: Bitcoin is already worth $15.9 thousand, Solana and Dogecoin have fallen in price by 60% and 30%, respectively

The fall in cryptocurrency rates continues, while it is still completely unclear at what level the new bottom of bitcoin and other coins will be.

Since the collapse of the FTX crypto exchange, investors have withdrawn more than 106,000 bitcoins from the exchanges. According to Coinmarketcap, the price of the main cryptocurrency has already fallen to $15.9 thousand, having fallen by 24% over the past week. The capitalization of the main cryptocurrency fell to $305 billion.

Ethereum, the top altcoin, is worth $1,180 and has fallen 25% in the last week, while its market capitalization has shrunk to $144 billion. But just a couple of months ago, analysts predicted the rise of the ether against the backdrop of the Merge update.

The biggest loser is Solana, which has lost more than 60% in the past seven days. Dogecoin fell by 30% over the same period.

At the same time, the Trust Wallet Token, unknown to most, grew by 75% in a week, but it became the only exception to the rule.

As we reported today, large investors are disappointed in cryptocurrencies

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