CRYPTO NEWS - Small Increase at the Market - Bitcoin Under $30000
CRYPTO NEWS - Small Increase at the Market - Bitcoin Under $30000
00:01 Intro
01:12 Crypto News
02:08 Bitcoin News
03:21 Ethereum News
04:11 Bitcoin Technical Analysys
05:03 Bitcoin Price Prediction
08:55 Outro
There are 19,042,100 BTC coins in circulations.
As of now, Bitcoin has a 42.4% market share.
For the first time since July 2021, Bitcoin (BTC) went below $29,000. The whole volume of the crypto market collapsed, wiping out over $200 billion from the market in a single day. The entire crypto market has fallen since the price of BTC dropped and even some of the top altcoins lose their value.
Bear markets continue to dominate the most popular cryptocurrency Bitcoin. Investors have lost hope and are worried to wait for the market to normalize after the dramatic collapse of TerraUSD (UST), a so-called stablecoin. Over the weekend, UST fell below 99%, and Terra the project behind it dived into a $3.5 billion bitcoin reserve to keep the token alive.
In the previous 24 hours, the global crypto market’s capitalization has increased by 0.2% ( $1.30 trillion USD). The total cryptocurrency trading volume for the day was $99.4 billion, in which Bitcoin has a 42.4% market share. There are 19,042,100 BTC coins in circulation with a maximum supply of 21,000,000 BTC coins.
However, Bitcoin’s recovery appears to be going well, as it has risen over the $29,100 support level. In the future Bitcoin may act as a global Reserve Currency for the Altcoins.