Today we had the market once again in the red. After the heavy corrections, there wasn't a day of joy for bitcoiners this week. Bitcoin today remains below 40,000 dollars.
Bitcoin today remains below US$ 40,000
Bitcoin has slipped to $37,000 this morning. Market cap lost $100 billion in one day. The market capitalization of cryptography lost another $100 billion as bitcoin dropped $3,000 in one day. Altcoins followed suit with considerable declines. Source: CoinGoLiveIn reais, according to the Bitcoin Price Index (IPB), the digital asset is quoted at R$ 192 thousand. Bitcoin's last attempt to decisively surpass the US$ 40,000 level was again short-lived, and the cryptocurrency returned to $37,000. Most altcoins also failed to take off, as ETH dropped below $2,600 and BNB is struggling to get to $340.
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While bitcoin recovered most of the losses from its most recent correction, the asset has failed to produce any significant upward movement in recent days. Everything seemed to be going great on a few occasions, when the BTC jumped to over $40,000, but so far without permanent success. The asset soared again yesterday with news of Joe Biden's plans to submit a budget proposal of $6 trillion in the United States. However, the bears also stopped this attempt and reduced it to the current level of around $37,000. BTC and altcoins have yet to recover. It appears that losses caused by China's recent decisions still weigh on market sentiment. As a result, BTC's market capitalization dropped to $700 billion.
Alternative currencies have mimicked their leader's performance in recent weeks, and the situation is very similar in the past 24 hours. However, most posted even more substantial losses than bitcoin. Ethereum, which was close to hitting $3,000 a few days ago, has dropped to less than $2,600 after another 6.5% drop since yesterday. BNB (-6.5%) is down to $340, Dogecoin (-4.5%) is trading at $0.325, Uniswap (-3.5%) is below $27 and Bitcoin Cash (-4, 5%) struggles to stay above US$700. In addition, ADA (-8.5%), XRP (-9.5%) and LINK (-10.5%) were the ones that lost the most in capitalization. Nexo was the one that dropped the most from the top 100 since yesterday, with a 15% drop. Enjin Coin (-15%), Polygon (-13%), Telcoin (-11%), Batteries (-11%), Revain (-10%), OMG Network (-10%), Aave (-10%) and Zilliqa (-10%) are as follows. As such, the market capitalization of cryptocurrencies has lost another sizable share and has dropped to $ 1.6 trillion. It is not yet time to go into despair, and you know why ? Cointimes prepared quality material for you to enjoy Friday without worrying about the price of bitcoin. Today we will perform a live, with special guest, at 4 pm on our YouTube channel. We'll talk about recent releases of games that run on Blockchain from Ethereum and Bitcoin. We hope all gamers there!