The Decline of Bitcoin Prices by 1.24% in the Last 24 Hours
Bitcoin, which witnessed a profit wave in recent days, recorded a loss of 1.24% on Thursday, February 22nd. At the time of writing this report, the value of Bitcoin reached $51,392, dropping by $605 in the last 24 hours according to the Gadgets 360 website.
- Ethereum (ETH) also recorded a loss of 1.82% on Thursday, with the current value of ETH being $2,841.
- Cryptocurrencies like Solana, Ripple, Cardano, Avalanche, Tron, and Dogecoin reflected losses alongside BTC and ETH today.
- Polkadot, Polygon, Shiba Inu, Bitcoin Cash, Litecoin, Uniswap, Leo, and Cosmos also recorded losses.
- The total market capitalisation of cryptocurrencies dropped by 1.42% in the last 24 hours, with the current valuation of the crypto market being $1.95 trillion as per CoinMarketCap.
- Only a handful of cryptocurrencies like Tether, Binance Coin, USD Coin, Iota, and Dash managed to make gains today.
Finally, Bitcoin had been witnessing a wave of profits in the past few days before recording this loss of 1.24% in the last 24 hours. The overall cryptocurrency market also dropped alongside Bitcoin, but a few cryptocurrencies did manage to record gains on the day.