Bitcoin capitalization "evaporated" nearly 35 billion USD in a week
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This morning, September 30, Bitcoin price was close to $ 8,000, down 2.19% from 24 hours earlier.
Bitcoin plunged sharply over the past week. Photo: Bloomberg
Compared to a week ago, the price per Bitcoin has lost 20%, equivalent to a loss of $ 2,000. Even in the middle of last week, this virtual currency dropped to 7,700 USD - the lowest level in the last 3 months.
Similarly, other cryptocurrencies in the past 24 hours have also gone down. At 10:30 a.m. this morning, September 30, Ethereum price dropped 2.24% to $ 169.11, XRP dropped 0.99% to $ 0.24, Bitcoin Cash down 3.44% to $ 218.37, Litecoin by 2, 59% to 53.8 USD, Binance Coin down 3.22% to 15.3 USD ... This makes the market capitalization of the virtual currency market recorded by Coinmarketcap to only 212.68 billion USD, down more than 49 billion USD. compared with the beginning of last week. In particular, Bitcoin's capitalization alone is now 144.13 billion USD, down nearly 35 billion USD from a week ago.
However, analysts said there is no specific cause for this price drop. At the same time, many forecasts show that the virtual currency is likely to continue to fall below $ 7,500 and even touch the $ 6,000 level again, which is alarming to investors.
Despite falling, at the current price of $ 8,000, Bitcoin is still twice as much as it was in early 2019. The market in particular grew faster in June 2019 when Facebook announced plans to release Libra. That is expected to help the crypto market accelerate that has pushed the price of Bitcoin to almost $ 14,000. However, many countries are not ready to support the birth of Libra, causing Bitcoin's price to retreat back to the level of $ 10,000 before falling to the current low.
In Vietnam, a Bitcoin on Remitano is now announced to buy 189.19 million dongs and sell 186.69 million dong, down 38 million dong / Bitcoin on the buying side and 44 million dong / Bitcoin on the selling side. with a week ago.
The prices of virtual currencies go down, causing the volume of transactions on the current exchanges to drop sharply. For example, in August, trading on the Binance floor decreased by 41.46% compared to July 2019; the OKEX floor decreased by 38.06% and CoinBebe fell 28.7% ...
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