Bitcoin New York city Dubai city London city Arrow Ethereum Digital Platform Bitcoin New York city Dubai city London city Arrow

Crypto panic as digital assets follow share prices in a downward spiral

Reading now: 260

The cryptocurrency market could do with some respite but its convention-breaking nature means there is no hiatus. Trading in digital assets such as bitcoin and ethereum runs 24/7, unlike their conventional peers in equities on the New York and London stock exchanges, which at least get the weekend off.So one torrid week tends to run into another for this most cutting-edge of markets.

Bitcoin – the cryptocurrency cornerstone – fell below the key level of $20,000 on Saturday morning, meaning it has dropped 34% in the past seven days, according to CoinGecko, which showed that ethereum, the other pillar of the market, had fallen 40% to $994 in the same period.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News