As you know, Bitcoin is a cryptocurrency that has a positive effect on other cryptocurrencies when it rises and pulls everyone down when it falls. The last blow to the crypto money market with the sharp fall of Bitcoin was in May of this year. Bitcoin, which has been on a steady rise since then, suddenly dived today.
Bitcoin price, which started to fall in the first light of the morning, fell to the level of 42 thousand dollars. The price, which has now recovered a few thousand dollars and bounced back and forth, has fallen by 20% at today’s low.
Ethereum also fell by the same amount
This decline of Bitcoin started around 5 am this morning. Bitcoin price, which was 53 thousand dollars before the fall, fell by 20% in less than an hour to 42 thousand dollars. Therefore, other cryptocurrencies were also badly affected by this decline. Ethereum, for example, was around $4,100 just before Bitcoin’s decline began.
However, it also fell by about 20% simultaneously with Bitcoin. Ether, whose lowest price today is around $3,500, has recovered somewhat, rising to $3,900. Bitcoin, on the other hand, has recovered to $ 48 thousand as we write this news. Apart from Bitcoin and Ethereum, many cryptocurrencies such as Binance Coin, Solana, Cardano have lost between 15 and 20 percent.
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