▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Crypto News Today – Cryptocurrency Market Lost 7% in 24 Hours
⏰ Timestamps
Intro: (0:00)
Cryptocurrency Market Lost 7% in 24 Hours: (2:39)
Crypto Market: (3:47)
Crypto News: (4:44)
Bitcoin Price: (5:32)
Ethereum Price: (6:23)
Outro: (7:14)
The total supply of digital coins and tokens fell by 7%, reaching $1.76 trillion. Experts linked this to the fall in the values of key global indexes in the traditional stock market.
Thus, over the previous day, Dow Jones lost 3.12%, S&P 500 – 3.56%, and Nasdaq even declined by 5%. Shares of such companies as MicroStrategy and Coinbase became cheaper by more than 10%. The cryptocurrency market again demonstrated a high level of correlation with the traditional market.
As for the leading digital assets, all of them lost significantly in value, which upset their own investors. For example, the flagship cryptocurrency Bitcoin, as of 10:10 Moscow time on May 6, 2022, is trading at $36413, which is 7.95% cheaper than the same indicator of the previous day. The market capitalization of the crypto-asset, for the first time in a long time, has once again fallen below $700 billion and reached $693.37 billion.
#crypto #bitcoin #btc
▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Youtube version
