The price of the world’s most popular cryptocurrency, Bitcoin, continues to fluctuate. On 26th June, again the market price of the largest Cryptocurrency Bitcoin dell down to 10% to the level of $ 30k, although after that we can see a slight increase in the price.
Financial experts and investment strategists still expecting a little turnaround in the bitcoin price in the next session as they feel a little hope for the turnaround watching the current cryptocurrencies market.
Economic Experts and Strategists expect bitcoin’s near-session to be challenging and said there is little positive hope for its price to bounce back.
Due to this statuary warning of economic experts, all the cryptocurrencies ADA, ATOM, XRP, MATIC along with the bitcoin saw a drop of 5-10% on the 26th of June.
Banking giant JPMorgan Chase & Co’s experts said that blockchain data suggests that the recent sale done by cryptocurrencies was to cover the previous losses.
Bitcoin Price Has Dropped Half of Its All-Time High of $64,829
Let us tell you that the price of bitcoin has halved from its all-time high of $ 64,829.
At 5.30 pm 26th evening, bitcoin fell down to 5 percent and was trading at the level of $ 31k.
At the same time, Ethereum, the world’s second-largest cryptocurrency, was down 3% at $ 1796.
Binance Coin dropped by 3.23% at $278.72
Similarly, Tether prices were at $1, while Binance Coin was down 3.23% at $278.72.
At the same time, ADA(Cardano) fell down by 4.61% and was trading at $1.25.
While Dogecoin was down 4.38% at $0.24, while XRP was down 5.29% at $0.60.
Polkadot was down 5.63% at $14.44
Polkadot was down 5.63% on Saturday at $14.44, while Bitcoin Cash was trading at $446.75, down 5.17%. Similarly, all the cryptocurrencies around the world declined. With the sanctions imposed in China, the increase in risk in the ruling term has led to a fall in its prices.