The negative moment for cryptocurrencies continues with the Bitcoin which, a few days ago, started recording a drastic drop in its value. Furthermore, in the wake of the trend of Bitcoin, other cryptocurrencies are also showing a sharp decline in value these days. The beginning of the week seems to confirm the negative trend recorded last week.
The Bitcoin crisis continues
The collapse of Bitcoin, which began last week and is still ongoing, has burned over 400 billion dollars from the digital asset market. The Bitcoin at the beginning of last week it was valued at more than 50,000 euros. At this time, however, the value of the cryptocurrency has dropped to just over 43 thousand euros. The sharpest decline was recorded from 2 to 4 December. In recent days, however, there has been no rebound and Bitcoin continues to record a slight decline (-0.91% in the last 24 hours).
The cryptocurrency market collapses
Other cryptocurrencies have also been “infected” by the decline in Bitcoin. This is the case, for example, of Ether which went from around 4 thousand euros in value on 3 December to around 3.600 euro right now after dropping to a low of 3.318 euros. The general decline in cryptocurrencies has resulted the token market at a total value of 2.2 trillion dollars. The pre-crisis figure was $ 2.6 trillion second Coinmarketcap. Cryptocurrencies are therefore confirmed as a particularly volatile asset and risk for investors.