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Collective decline in cryptocurrency prices and 'Bitcoin' below $108,000.
Collective decline in cryptocurrency prices and 'Bitcoin' below $108,000.
Bitcoin US Dollar
-1.96%
Bitcoin US Dollar
-1.89%
BTC/USD
-1.90%
XRP/USD
-3.67%
Ethereum US Dollar
-1.08%
ETH/USD
-1.07%
ADA/USD
-5.19%
Dogecoin US Dollar
-6.17%
XRP US Dollar
-3.70%
Arincen - The cryptocurrency market experienced a wave of collective declines, including Bitcoin, during trading on Thursday, after a strong rally in the past few days.
Bitcoin had surpassed the $110,000 level in recent days, supported by a calming of trade tensions between the United States and China.
The United States announced yesterday, Wednesday, that a trade agreement was reached with China at the end of trade talks in London, and it was agreed to restore the truce and ease export restrictions.
This news helped improve investor appetite for high-risk assets, driving cryptocurrencies to rise strongly.
However, it fell back today due to profit-taking and corrections, and a strong upward wave is expected soon.
Bitcoin saw a decline of 1.60% to reach a price of $107,974, after hitting its highest levels ever during yesterday's trading.
The market capitalization of the most famous cryptocurrency in the world dropped to $2.15 trillion, and the trading volume on it during the last 24 hours decreased to $51.66 billion.
On a weekly basis, Bitcoin managed to add about 3.06% to its value.
Regarding the prices of other cryptocurrencies, the price of Ethereum fell by 0.83% to reach $2,768, while the price of Binance Coin decreased by about 2.07% to $667.
Cardano has lost about 3.81% to trade at a level of $0.6927, while the price of Ripple has dropped by about 2.08% to $2.2495.
The price of Dogecoin fell by 3.11% to reach $0.19530.