BTC Price Urges Crypto Investors to Experiment

BTC Price Urges Crypto Investors to Experiment
  •  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.

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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A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.