The price of the first cryptocurrency continued to fall, over the past day it fell by almost 6%.
The world’s largest cryptocurrency suffered a lot early this week, despite the fact that most forecasts assumed a slow and steady recovery in prices. On Tuesday, November 19, the Bitcoin exchange rate on the Coinbase exchange fell to $ 8052. The massive sale led to a drop of more than 4% in less than 24 hours, and now Bitcoin is trying to stay above $ 8,000. The average market value of the coin at the moment is $ 8135 and shows a decrease of 5% over the past 24 hours.
The largest altcoins by capitalization fell in price along with BTC. Ethereum over the past day has lost 4.4% of the price and is now trading at $ 176.8. XRP fell 5.4% and currently costs $ 0.248. Of the top 10, the worst things are with Bitcoin Cash and Bitcoin SV – their value decreased by 9% and 10%, respectively.
Earlier, analyst Ayash Jindal warned that the Bitcoin rate would drop to $ 7650 if it could not hold above $ 8000. The specialist believes that the downward movement will continue until the coin fixes above the level of $ 8560.