According to CoinGecko, the most prominent cryptocurrency in the world plummeted by 3.5% in the last 24 hours. Bitcoin gave up all of its gains from last week as it fell below $20,000. BTC’s price on the market right now is $19,750, and the weekly gain is in the red with a 2.6% loss. BTC moved toward a gradual and steady recovery last week. The leading cryptocurrency posted its biggest weekly gain in the previous nine weeks. It increased by 12% last week after experiencing its worst quarter in June. Related Reading | Former BitMEX CEO Arthur Hayes Says “Prepare” For A Massive Bitcoin Rally Recent declines in BTC have lowered investor confidence. But when the market reached the $22,000 level on July 8 and stabilized around the $21,000 to $20,000 mark, investors started to feel a glimmer of hope as the June 18 collapse below $17,600 grew further away. However, Bitcoin is still 71.1 % below its all-time high record, which was set on November 10, 2021, or about eight months ago, and was $69,044.77. Moreover, it has decreased by 41.8 % so far this year, as per CoinGecko statistics. After surpassing its downward resistance line during the trading day on July 7, Bitcoin saw significant trading volume. But now, its trading volume, by nomics statistics, is almost $46.58 billion, with a 1.62% loss in the last 24 hours. On the other hand, Solana, the ninth-ranked cryptocurrency, has plunged to $33.35 after losing 5 % over the ...
