While cryptocurrencies once again take a hit, bitcoin is exploring the downside below $7,000. Even though there was a recovery in prices from the Friday’s low of $7,695 ran into offers at a high of $9,471.46 on Saturday, in the subsequent hours, the cryptocurrency went back to $8,000.
Bitcoin dropped as a low as $6,667.47 this evening. The world’s most famous cryptocurrency by market capitalization has depreciated by 23% in the last 24 hours.
Also, Bitcoin Cash and Ripple are down 14% each, while ethereum’s ether token has dropped 13% in the last 24 hours.
But the biggest loser in the top 100 cryptocurrencies by market capitalization is the ethereum-based token called dent. The price of dent has depreciated by 26% in the last 24 hours.
Currently, the total market capitalization of all currencies taken together stands at $397 billion – up 14% from Friday’s low of $348 billion.
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