Bears maul Bitcoin yet again; Price under $4k with 7% losses
It has been a rather disappointing few weeks for the crypto market. Bitcoin reached its lowest ever of $3,593 since its bullish run last year, which had the coin touch almost $20k. At the moment, Bitcoin is facing a loss of over 7% and has pulled down almost every other coin with it.
Though there was a sigh of relief on November 29, when the coin broke the $4,400 barrier, it soon lost its holding at UTC 13:00 yesterday. The coin lost almost $350 off its value in under 6 hours, piling up its losses to 7.27% for the day.
Apart from Bitcoin, every single coin that features in the top 30 cryptocurrencies has seen red. Losses range between 5% to 12%, with the recent sensation, Bitcoin SV being the biggest loser in the top 10 coins with a loss of 12.63%.
Despite the fall in price of the coin, the trading volumes of the coin have neither decreased not increased. At the time of writing, it was holding steady at almost $6 billion USD and the market dominance was 53.6%.
Theta Token gains big
Theta token, which was almost unheard of, is the top gainer of the day. The coin’s trading volumes barely touched the $1 million mark prior to its bullish run, after which it increased to over $117 million. The coin which is currently ranked 71 by total market capitalization and holds a healthy gain of almost 30% for the day.
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