- BTC traded at $20,478.98 with a trading volume of $28,914,541,676.
- Bitcoin lost over 70% of its value from its all-time high of $68,789.
The pioneer cryptocurrency Bitcoin (BTC) still traveling on a downflow, as a result of this many investors are in fear and withdrawing Bitcoin from exchanges. In the last 30 days, 82,187 BTC worth $1,692,946,955 at the time of writing has been takenoff from exchanges.
Whole crypto market has lost more than 70% of the value worth of over $2 trillion from its all time high of $3 trillion. Currently the market holding $901 billion.
JUST IN: 82,187 ($1,600,000,000) #BTC has been taken off exchanges in the last 30 days.
— Watcher.Guru (@WatcherGuru) June 22, 2022
The largest cryptocurrency Bitcoin lost over 70% of its value from its all-time high of $68,789 which was recorded last November. Long-term Bitcoin HODLers aren’t afraid because they’ve already experienced drops of 73%.
For a year, 65% of the Bitcoin has not been exchanged even during the crash, which is represents 25% of the market share.
Bitcoin Decline
Despite the increases, BTC decline and has down over 22% over the last week. On June 19 BTC’s price went $17,000 range. Again BTC regaining the $20,000 milestone on Monday.
However, Bitcoin has recovered the $21,000 perch once more on Tuesday. The two-day recovery in the price is largely attributable to users trying to buy the bitcoin for a cheaper price.
Bitcoin is still trading range between $20,000 to $21,000. At the time of writing BTC traded at $20,478.98 with a trading volume of $28,914,541,676.
There are no straight drops, this slow-motion crash is ordinary and there is now no indication of collapse that creates a bear market bottom. BTC downtrend made investors to try various alternative experiments in crypto market.
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