Cryptocurrencies continue to decline. On Monday, August 29, global cryptocurrency market It fell below $1 trillion. Although it has rebounded in the last few days, risk still remains for Bitcoin and Ethereum. So what awaits investors now?
Global cryptocurrency market drops below $1 trillion
The first decline on August 29, the global crypto money market. 940 million dollars led to its decline. The market, which reached $2 trillion in April, has lost half as of this week.
Also, during the same period Bitcoins are worth $1.1 trillion while at the moment 380 billion dollars around. It should be noted that the price of Bitcoin is hovering at $ 19.8 thousand. Other exchanges have similar declines. For example, the Nasdaq fell 12 percent and global oil prices fell 11 percent.
Error on crypto platform! accidentally sent $7 million
Popular cryptocurrency platform Crypto.com is facing an interesting bug. He sent $7.2 million to a customer instead of $68.
Compared to last week, total cryptocurrency capitalization fell by around 6.9%. The global cryptocurrency market is currently valued at $1.19 trillion and looks set to start next week at over $1 trillion.
Rebuild Bitcoin under $20,000 After falling, the Cryptocurrency Fear and Greed Index entered the extreme fear zone. The index, which first came to the neutral zone on August 14 and gave hope to investors, makes investors nervous again.
Cryptocurrency capitalization Ethereum and of bitcoin It can be said that it affects Bitcoin and Ethereum are down around 7-8 percent. Some popular altcoins value decreased by around 13 percent. Experts think that the inactivity in crypto money will continue for a while.
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