Bitcoin Hits All-Time High Of $61,800 Before Another Big Drop - Android

It was another wild weekend for cryptocurrencies as Bitcoin (BTC) hit a record-breaking $61,800. The crypto bubble blossomed to an… Read More

The post Bitcoin Hits All-Time High Of $61,800 Before Another Big Drop appeared first on .

It was another wild weekend for cryptocurrencies as Bitcoin (BTC) hit a record-breaking $61,800. The crypto bubble blossomed to an astonishing $1.82 trillion before quickly bursting and leaving markets in the red, resulting in nearly a $100 billion loss.

On Sunday, the world’s largest digital money peaked right before Monday, when an identical-looking price-drop saw the BTC down into the $50,000 range. It’s worth mentioning that the $3,000 slide represents a huge 4.9 percent drop in the last 24 hours, according to analytics firm Nomics.

ALSO READ

Realme X9 Pro Master Edition to Come With a Curved AMOLED Display [Images]

The picture was similar for other cryptocurrencies. Ethereum followed a similar trajectory as Bitcoin, losing 4.1% in the last 24 hours.

In the mid-caps – projects valued between $10-$40 billion – a 4% loss meant you were one of the lucky ones. Cardano, XRP, and Litecoin all dropped 4%, while Chainlink fell 5%, Uniswap shed 7% and Bitcoin Cash slid more than 8%.

Movements such as these can be seen as a sign that it’s time to hop off the uptick in prices causing a collective dumping on assets’ depressing prices. Then there’s the wider economic picture and how it plays with crypto prices.

We’ll find out soon enough.

The post Bitcoin Hits All-Time High Of $61,800 Before Another Big Drop appeared first on .