Bitcoin’s market cap loses $264.28bn in 50 days - Punch Newspapers

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The most widely read newspaper in Nigeria

The market capitalisation of bitcoin, the world’s most popular cryptocurrency, fell by $264.28bn in 50 days.BTC rose to a high of $67,566.83 on November 8 but dropped to $56,942.14 on November 18, and continued to trade around the $50,000 mark for the rest of the month.

BTC closed trading at $57,005.43 in November, with a market cap of $1.08tn. It fell below $50,000 on December 4. BTC later rebounded towards the $50,000 mark but the uptrend was short-lived as it has trading below the $50,000 since December 13. It closed at $46,880.28 with a market cap of $886.33bn on December 19.

In October, BTC’s resistance against China’s influence increased as the digital currency’s price stayed close to $60,000.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE

Sverige Senaste nytt, Sverige Rubriker