As of June 28, the bitcoin price fluctuated slightly above the $20K mark. However, toward the end of the day, it eventually dropped to $20K. The market watch also noted the bearish state in the price of most altcoins. These include DOGE, AVAX, SOL, and many others.<\/p>\n
Drawing from June 29 data, Bitcoin\u2019s price has finally plunged below the $20K mark. Many renowned cryptos like the Ethereum, Shiba Inu, and Doge tokens also feel the heat of the bearish turn in the market.<\/p>\n
Bitcoin Lost The $20,000 Price Mark<\/p>\n
According to the news last week, Bitcoin made several attempts to come off the loss in value. During that time, its price shot from $17,500 to $21,000. This was a recovery from its 18-month low price mark. It sustained this $21K price mark until it hit its 10-day high price, a little over $21,800.<\/p>\n
Suggested Reading |\u00a0Bitcoin Slides Under $20K \u2013 Another Collapse In The Offing?<\/p>\n
The journey to a higher price became abortive for BTC, and it eventually dipped lower than $21K. It attempted to hit this price, but all attempts proved unsuccessful.<\/p>\n
BTC\u2019s unsuccessful attempts to appreciate eventually turned into a bearish trend toward $20K. According to the news on June 28, it managed to get slightly above the $20K benchmark.<\/p>\n
BTC trends below 1$9,500 Source: BTCUSD on TradingView.com<\/p>\n
From today\u2019s market watch, the price of Bitcoin has plunged below $20,000. At the time of writing, it is still fluctuating below this price, bringing its market cap below $400B.<\/p>\n
The Effect On Other Digital Tokens<\/p>\n
The bearish movement of Bitcoin\u2019s price affects the rest of the digital tokens. This explains the several red bars in the crypto market chart.<\/p>\n
During the last weekend, Ethereum attempted to go higher amid the bearish state of the market. At the time, ETH was trading at $1,200. However, this did not last too long as Ethereum\u2019s price currently sells at $1,116, about a 6.5% daily decline in price.<\/p>\n
According to the altcoins price data from CoinMarketCap, BNB now trades at $219. This is about a 7.5% 24 hours plunge in its price. There are other altcoins down trend records like SOL, DOGE, SHIB, and XRP, to mention a few.<\/p>\n
Suggested Reading |\u00a0Ethereum (ETH) Hammered Down To $950 As Crypto Selloff Deepens<\/p>\n
Also, despite the slight appreciation of the LEO, Tron, and Cardano tokens, they remain in the chart\u2019s red zone. So, judging from the current state of all crypto assets from 2 days back, the total dump in the overall market cap sums up to $60B.<\/p>\n
Cryptocurrency Market Overview. Source: Quantify Crypto<\/p>\n
Adding this figure to the total drop in the market cap since the beginning of the bearish trend equates to $900 Billion.<\/p>\n
Featured image from Pexels, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
As of June 28, the bitcoin price fluctuated slightly above the $20K mark. However, toward the end of the day, it eventually dropped to $20K. The market watch also noted the bearish state in the price of most altcoins. These include DOGE, AVAX, SOL, and many others.<\/p>\n
Drawing from June 29 data, Bitcoin\u2019s price has finally plunged below the $20K mark. Many renowned cryptos like the Ethereum, Shiba Inu, and Doge tokens also feel the heat of the bearish turn in the market.<\/p>\n
Bitcoin Lost The $20,000 Price Mark<\/p>\n
According to the news last week, Bitcoin made several attempts to come off the loss in value. During that time, its price shot from $17,500 to $21,000. This was a recovery from its 18-month low price mark. It sustained this $21K price mark until it hit its 10-day high price, a little over $21,800.<\/p>\n
Suggested Reading |\u00a0Bitcoin Slides Under $20K \u2013 Another Collapse In The Offing?<\/p>\n
The journey to a higher price became abortive for BTC, and it eventually dipped lower than $21K. It attempted to hit this price, but all attempts proved unsuccessful.<\/p>\n
BTC\u2019s unsuccessful attempts to appreciate eventually turned into a bearish trend toward $20K. According to the news on June 28, it managed to get slightly above the $20K benchmark.<\/p>\n
BTC trends below 1$9,500 Source: BTCUSD on TradingView.com<\/p>\n
From today\u2019s market watch, the price of Bitcoin has plunged below $20,000. At the time of writing, it is still fluctuating below this price, bringing its market cap below $400B.<\/p>\n
The Effect On Other Digital Tokens<\/p>\n
The bearish movement of Bitcoin\u2019s price affects the rest of the digital tokens. This explains the several red bars in the crypto market chart.<\/p>\n
During the last weekend, Ethereum attempted to go higher amid the bearish state of the market. At the time, ETH was trading at $1,200. However, this did not last too long as Ethereum\u2019s price currently sells at $1,116, about a 6.5% daily decline in price.<\/p>\n
According to the altcoins price data from CoinMarketCap, BNB now trades at $219. This is about a 7.5% 24 hours plunge in its price. There are other altcoins down trend records like SOL, DOGE, SHIB, and XRP, to mention a few.<\/p>\n
Suggested Reading |\u00a0Ethereum (ETH) Hammered Down To $950 As Crypto Selloff Deepens<\/p>\n
Also, despite the slight appreciation of the LEO, Tron, and Cardano tokens, they remain in the chart\u2019s red zone. So, judging from the current state of all crypto assets from 2 days back, the total dump in the overall market cap sums up to $60B.<\/p>\n
Cryptocurrency Market Overview. Source: Quantify Crypto<\/p>\n
Adding this figure to the total drop in the market cap since the beginning of the bearish trend equates to $900 Billion.<\/p>\n
Featured image from Pexels, chart from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-2428","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/2428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=2428"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/2428\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=2428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=2428"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=2428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}