Bitcoin falls to $18,000; Ethereum below $1000

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Crypto markets appear to have landed in a non-stop free fall in the last few days. The global cryptocurrency market cap has fallen to nearly $800 billion amid the ongoing crash while the price of Bitcoin has touched a record low of $18,000 and Ethereum is now trading below $1000.

The global crypto market cap has reduced to $818 billion. The crypto markets showed some signs of recovery a day back while several top coins registered gains of over 10 per cent. However, amid weak global cues and falling traditional financial markets, cryptos are also facing the downturn.

The global crypto market volume was $76 billion, up 55 percent, indicating a massive sell-off of crypto assets by traders. Bitcoin dominance has dropped to 42.86 percent, according to data on CoinMarketCap, which tracks 19866 cryptos and 527 exchanges.

Bitcoin (BTC) price has dropped by 33 percent in the last 7 days and around 10 percent in the last 24 hours.

About the author: IE&M Team
IE&M Team
Indian Economy & Market is an Indian media and information platform producing data-backed news and analysis on all the vital elements at the intersection of the economy, stock markets, mutual fund, insurance, commodities, currency, technology, startups and business.

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