Crypto Markets Experience Sharp Decline as Bitcoin Plunges Below $41K
TL;DR
Bitcoin and Ethereum experienced a 7% dip as the crypto markets cooled off after a two-month rally. Bitcoin is currently trading at $40,758, down 7% in the past day, while Ethereum is trading at $2,185, also down 7%. The global crypto market capitalization sits at $1.6 trillion, down 6% since yesterday. Altcoins such as ORDI and Pepecoin have seen significant losses, while Solana and Avalanche have attracted institutional investors. Binance USD (BUSD) temporarily lost its peg, dropping to $0.97, and most BUSD margin trading and futures contracts were closed.
- Bitcoin and Ethereum Dip 7% as Crypto Markets Cool Decrypt
- Bitcoin slides 7% to under $41,000 in volatile trading following early December rally CNBC
- Bitcoin wipes nearly a week of gains in 20 minutes, falling under $41K Cointelegraph
- Coinbase, MicroStrategy, Marathon Stocks Buckle 5%-10% as Bitcoin Tumbles Below $42K CoinDesk
Want the full story? Read the original reporting
Read on Decrypt