Bitcoin (BTC) briefly fell below $58,000 once again as the crypto markets shed almost $80 billion, with major altcoins also seeing red. BTC’s drop took the asset’s price to its weakest level since the market panic witnessed in the first week of August, with ETH also dropping 4.5%. BTC fell to an intra-day low of $56,165 on Thursday.
However, this time, traditional stocks are in the green, with Nasdaq and S&P 500 erasing their early August losses.
A New Downturn?
The past 24 hours saw a drop of nearly 3% in the crypto market cap as it dropped to $2.08 trillion. Despite the traditional markets showing a recovery, the crypto markets failed to mirror the optimism, failing to find demand among investors. As a result, major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and others, registered notable declines. Market watchers are concerned the downturn could see another round of outflows from crypto ahead of the weekend.
BTC
We współpracy z: https://cryptodaily.co.uk/2024/08/crypto-price-analysis-8-16-btc-eth-sol-dot-ton-sei-wif
