- Bitcoin and major altcoins dropped showing bearish trend.
- This made the investors to wonder, whether this dump is a correction or not.
According to the CoinMarketCap data, Bitcoin and major altcoins dropped showing bearish trend. This made the crypto investors to wonder, whether this dump is a correction or not.
The entire market cap of cryptocurrencies dropped nearly 200 billion from $1.5 billion to $1.2 billion in the last 24 hours.
Notably, the world’s largest cryptocurrency Bitcoin (BTC) shows a bearish movement. However, this is due to the statement issued by the Agricultural Bank of China on June 21. All-in-all, the BTC price has been considered to be over 200% since September. According to CoinMarketCap, the BTC price is at $29,504.63, at the time of writing.
Meanwhile, Ether, which is the main coin for the Ethereum blockchain network, also dropped sharply and broke below $2,000 at a point, over 12% drop in less than 24 hours.
Furthermore, ADA, XRP, and DOT are among the major cryptocurrencies that drop today. In detail, the ADA price of $1.01 has decreased to over 36% this week. Additionally, the XRP price sitting at $0.52 also resulted in 41% loss. While the DOT price dropped over 25% loss to its crypto holders at almost $13.52 per unit.
Moreover, during the previous price dump, the crypto market recovered soon the next day with strong support. This indicates that the market crash is just a correction. Furthermore, this price dump is also noted to be a correction by most crypto investors and holders.
Follow us on Twitter, Telegram and Google News
Source: https://coinquora.com/btc-eth-ada-and-major-crypto-dumped-hard-showing-bearish-trend/
- 000
- ADA
- Altcoins
- among
- Bank
- Bank of China
- bearish
- Billion
- Bitcoin
- blockchain
- BTC
- btc price
- China
- Coin
- CoinMarketCap
- Crash
- crypto
- Crypto Market
- cryptocurrencies
- cryptocurrency
- cryptocurrency market
- day
- detail
- Drop
- dropped
- ETH
- Ether
- ethereum
- HTTPS
- Investors
- major
- Market
- Market Cap
- network
- price
- Statement
- support
- time
- us
- week
- writing
- xrp
- XRP Price