Bitcoin’s Price Drops to the $15,000 Range
In the early hours of trading on Tuesday, the price of Bitcoin and the cryptocurrency market witnessed a decline, with most coins in the red zone.
The global cryptocurrency market value is currently $78,424 billion, showing a 21% drop compared to the previous day.
Additionally, the total trading volume has increased by 18% over the past 24 hours, reaching $6,263 billion.
On the other hand, $505 million worth of short positions in Bitcoin futures have been liquidated over the past 24 hours.
Bitcoin is trading at approximately $15,661 with a decline of about 3%, and Ethereum is trading at $1,084 with a drop of around 4%.
Other well-known cryptocurrencies like Dogecoin, Shiba Inu, Ripple, and Cardano have also experienced price drops.