ETH Dumps to 2018 ATH - BitcoinEthereumNews.com
EthereumETH Dumps sa 2018 ATH06 / 12 / 2022Balita ng Ethereum ng Bitcoin The past 24 hours brought even more pain to the cryptocurrency market, with bitcoin dumping to a monthly low of just over $27,000. However, the alternative coins suffer even more. ETH, for example, plummeted below $1,500 to the 2018 ATH levels. Bitcoin Goes Down Again After a few brief and unsuccessful attempts to overcome $32,000 last week, the primary cryptocurrency started to lose value gradually. The last rejection at that level brought it down to $30,000, where the asset stood for a few days. The landscape changed on Friday when the US inflation numbers went out (8.6%). The 40-year-record brought enhanced volatility for BTC, which dropped to $29,000. Nevertheless, the worst was yet to come as bitcoin started to drop even more vigorously hours later. This culminated earlier today when BTC nadulas to $27,200 (on Bitstamp) – the lowest price position seen in a month. Consequently, bitcoins market capitalization is down to $520 billion. The silver lining for the BTC bulls is that the dominance over the altcoins is up to almost 48%. BTCUSD. Pinagmulan: TradingViewBitcoin News The aforementioned adverse price developments have not deterred traditional hedge funds, as a recent ulat claimed they continue