Some altcoins saw their price plummet between 25% to 30% in the past 24 hours. The major sell-off on Tuesday started after crypto exchange major FTX asked for the help of rival, Binance, because of liquidity issues, which highlighted the fragile nature of the crypto market and instigated fears of vulnerability. Bitcoin dives further to $27,785, hovering around lowest level in 16 months. The price of Bitcoin dove further to $27,785 on Wednesday and was hovering around its lowest level in 16 months. It fell to $29,000 at 4.53 p.m. EDT (2053 GMT), according to data on Binance, the world's largest crypto exchange by trade volume. Placing playing bets on 1xbet mobile edition has dep many benefits.
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Ethereum, the world's biggest altcoin by market value, had its price dipping at $1,075.80 at 0230GMT -- its lowest since Jan. 14, 2021. It later rose to $1,225 at 0537GMT for a daily decline of 9.3%. The total value of the cryptocurrency market was down 7.1% to $963 billion at 0537GMT, which is more than a $300 billion loss in less than a week. The massive losses in the crypto market come as US stock exchanges continue to plummet amid fears that the Fed's aggressive monetary tightening against record-high inflation could cause a recession in the world's biggest economy. The Dow Jones fell 2.8% to close Monday with a massive 876-point loss. The S&P 500 lost 3.9%, while the tech-heavy Nasdaq dove 4.7%. The Fed's two-day meeting will conclude on Wednesday at 1800GMT, and it is widely expected to make another 50 basis point rate hike. Sezen burçin karahan ne iş yapıyor.
The latest figure marked the lowest since Dec. 30, 2020, when it fell to $27,418, according to official figures. The total value of the crypto market stood at $1.24 trillion at the time with more than a 12% loss in a single day, according to data from the digital asset price-tracking website CoinMarketCap.
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