Difficult days for the market cryptocurrencies. Their leader, bitcoinhas started the week with its worst value in more than a year and a half: 23 thousand dollars.
In accordance with CoinMarketCapthe price of cryptocurrency at the beginning of this morning it is between 23 and 24 thousand dollars per unit, a drop of 13% compared to Sunday.
This amount is the lowest since December 2020, when it had managed to exceed this figure thanks to a bull run in the market.
The rest of cryptocurrencies accompanies it
The fall of bitcoin it has only caused the rest of the market to collapse.
For example, him Ethereumthe second cryptocurrency largest in the world, is at an average value of 1,200 dollars, far from the 4 thousand to which we were accustomed.
The BNB at 221 dollars, Cardano in 45 cents or the 27 dollars of Solana they are only evidence of the current strong recession in the listing.
The market cap fell from $3 trillion to just $1 with this steep decline.
Why did the cryptocurrency market fall?
Last Friday, the United States Federal Reserve (Fed) confirmed the growth of 8.6% in inflation, the fastest growth in 40 years.
Economists and market analysts reportedly believed that inflation had peaked in March at 8.5% and was going to start trending lower in April and May.
Given this, investors have decided to place their money in more traditional investment mechanisms, causing falls not only in the stock market cryptocurrencies, but also in the Stock Market.
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