Sharp Fall in Crypto world, May You Know the Reason
Today we have seen Sharp Fall in the Crypto world. Has anyone know the reason for this sharp drop. Is anything that we missed about the crypto world.
After reaching a sharp time high in all crypto coins, today we have seen a sharp profit book in the crypto world. All the coins are lost approx 20% market cap in the last 24 hours.
Bitcoin today Price after Drop
Bitcoin a father of all coins leads today’s crypto market from the front. One time in day trading it falls at a level of $ 45,000. In the morning session, one-time bitcoin touches its all-time high level of $ 58,500.
But suddenly after reaching an all-time high bitcoin show a big fall due to profit booking. Bitcoin coin already delivers 5X returns in the last 6 months.
After losing $ 13,000 per bitcoin from its high now bitcoin trading at $45,528 level. The bitcoin today Market cap is $ 873,525,572,987.
Ethereum Today Price after today Fall
Ethereum is the second-largest cryptocurrency. Ethereum holds second place in the crypto world. Ethereum also loses approx 25% of its market cap in the last 24 hours.
In the early session, the Ethereum coin also touches its all-time high. One time Ethereum coin passed the $2,000 mark. But second-half its also show big profit booking.
After losing $ 500 per ETH Coin price from its high now ETH coin trading at $1,469 level. The Ethereum coin today Market cap is $ 172,148,844,726.
All other coins like Tether (USDT), Binance Coin (BNB), Polkadot (DOT), Cardano (ADA), XRP, Litecoin (LTC), Chainlink (Link), Bitcoin Cash (BCH), Stellar (XLM), USD Coin (USDC), Uniswap (UNI), Dogecoin (Doge), Wrapped Bitcoin (WBTC), NEM (XEM), Cosmos (ATOM), Aave (AAVE), Solana (SOL), Cryto.com Coin (CRO), Monera (XMR), etc. also show the same trends like bitcoin and ETH.
All the Crypto Currencies loss their approx 20% to 30% market cap in the last 24 to 48 hours. We expected this fall may continue some more time.
But we all know about the crypto world fluctuation of price volatility. So, after a bull run, we all expect this kind of profit booking.
Is any one predict bitcoin next level. Is it $35,000, $30,000, $25,000 or $ 20,000. When bitcoin reach this level.