Bitcoin Value Drops To $56K, Altcoins Comply with: Market Replace

• Bitcoin has retained the $56,000 worth degree and is down 4% up to now week.
• Litecoin (LTC) was up 1% whereas DOT was down 0.17%. 
• FET was down 4.8% however the altcoin is up 328.62% since September 2023.

Bitcoin (BTC), the world’s main cryptocurrency, has fallen to the $56,000 worth degree amid rising bearish strain within the digital asset market. Altcoins have additionally skilled important declines, leading to tens of millions of {dollars} in losses for the cryptocurrency sector.

Bitcoin and Altcoin Value Evaluation

Based on the info from CoinMarketCap, on the time of writing, Bitcoin is buying and selling at $56,523.81, down 1% up to now 24 hours. The market chief is down 3.94% up to now week and 1.16% up to now 30 days.

Nonetheless, BTC has been up 119.63% since September 2023 albeit remaining 23.31% under its all-time excessive of $73,750. Moreover, the Bitcoin market cap presently stands at $1.113 trillion, a 56.2% market dominance.

Litecoin (LTC) is down 1.27% up to now 24 hours and is buying and selling at $65.97 on the time of publication. At the moment ranked the 18th-largest crypto by market cap, LTC’s buying and selling quantity stands at $413 million whereas its market cap is $4.9 …

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