1% Drop in Bitcoin Price
In the early hours of trading on Saturday, Bitcoin prices and the cryptocurrency market experienced a decline, with most coins in the red zone.
The global cryptocurrency market value is currently $829.27 billion, 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 $415.4 billion.
On the other hand, $175 million in short positions in Bitcoin futures have been liquidated over the past 24 hours.
Bitcoin is trading at $16,598 after a 1% drop, and Ethereum is trading at $1,207 with a decrease of less than 1%.
Other well-known cryptocurrencies like Dogecoin, Shiba Inu, Ripple, and Cardano also saw price declines.
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