1% Drop in Bitcoin Price
In the early hours of trading on Saturday, the price of Bitcoin and the cryptocurrency market experienced a decline, with most coins in the red zone.
The global cryptocurrency market value is currently 82,927 billion dollars, showing a 0.93% decrease compared to the previous day.
Additionally, the total trading volume over the past 24 hours has decreased by 13.24%, reaching 4,154 billion dollars.
On the other hand, 175 million dollars in short positions in Bitcoin futures have been liquidated over the past 24 hours.
Bitcoin is trading at 16,598 dollars with a 1% decrease, and Ethereum is trading at 1,207 dollars with a decrease of less than 1%.
Other well-known cryptocurrencies like Dogecoin, Shiba Inu, Ripple, and Cardano have also experienced price drops.
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