Bitcoin Sinks Below $33K, Analyst Says BTC at 'Dangerously Low Levels' While ETH Rests at 'Comfortable Levels'.
08 Jul 2021, 16:27
Bitcoin Sinks Below $33K, Analyst Says BTC at ‘Dangerously Low Levels’ While ETH Rests at ‘Comfortable Levels’
Bitcoin and a number of popular digital assets have been dropping in value over the past 24 hours, as bitcoin has slipped below the $33K handle. The entire market capitalization of all 10,000+ crypto assets in existence has shed billions during the overnight trading sessions, and the crypto economy currently rests at $1.38 trillion, down more than 6% since yesterday.
Crypto Market Cap Sheds 6%, Ether Dominance Climbs HigherTraders are focused on what will happen next in the land of crypto markets, as prices have started to dip after a long period of consolidation. At 7:00 a.m. (EDT), the price of bitcoin (BTC) slid to a low of $32,100 per unit but has regained some of the losses. 24-hour statistics show BTC has lost 6.4% during the last 24 hours and 2.87% during the last seven days.
BTC is 49.64% down from the all-time high it captured three months ago. Meanwhile, bitcoin dominance has dropped to 44.3% and ethereum (ETH) dominance has climbed higher in recent times (18.3%). BTC is currently trading for $32,518 per unit at the time of writing.