Bitcoin’s price has once again fallen to the 16,000-dollar range
In the early hours of trading on Saturday, Bitcoin’s price and the cryptocurrency market experienced a decline, with most coins in the red zone
The global cryptocurrency market cap is currently 84.323 billion dollars, showing a 2.93% decrease compared to the previous day
Additionally, the total trading volume over the past 24 hours has decreased by 34.36% and has reached 90.56 billion dollars
On the other hand, 837 million dollars worth of short positions in Bitcoin futures have been liquidated over the past 24 hours
Bitcoin is trading at approximately 16,736 dollars with a drop of about 3%, and Ethereum is trading at 1,259 dollars with a slight decrease
Other well-known cryptocurrencies like Dogecoin, Shiba Inu, Ripple, and Cardano have also seen price declines