Bitcoin falls below $59,000, loses 4% in value

The current price of Bitcoin is at around $58,200, as of 0750GMT, and its market cap dropped to $1.15 trillion

The price of Bitcoin decreased below $59,000 by dropping around 4% in value within the last 24-hour period.

The current price of Bitcoin is at around $58,200, as of 0750GMT, and its market cap dropped to $1.15 trillion.

Bitcoin’s transaction volume in the last 24-hour period was around $35 billion.

Last week, Bitcoin saw over $63,000 level and over $70,000 in June.

Etherium’s value also dropped by 5% to $3,180 during the last 24 hours.

The crypto money market’s size, including Bitcoin, narrowed by 4.3% to $2.16 trillion, according to data by Coinmarketcap, a digital asset price-tracking website.

Must Read

Over 600 Pakistani firms register with China, expanding trade presence

Registrations include 25 mango, 21 citrus, 103 rice, 175 seafood, 185 sesame seed, 106 cherry, 15 rapeseed meal, 10 fish meal, and seven defatted bone companies; commercial mission facilitates market access and e-commerce integration