Bitcoin price drops to the $15,000 range
In the early hours of trading on Tuesday, 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 $78,424 billion, showing a 21% decrease compared to the previous day.
Moreover, the total trading volume in the past 24 hours has increased by 18% and reached $6,263 billion.
On the other hand, $505 million worth of short positions in Bitcoin futures were liquidated in the past 24 hours.
Bitcoin is trading at approximately $15,661, down about 3%, and Ethereum is trading at approximately $1,084, down about 4%.
Other well-known cryptocurrencies like Dogecoin, Shiba Inu, Ripple, and Cardano also saw a decline in price.
