The price of Bitcoin has once again dropped to the $16,000 range
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 cap is currently $84.323 billion, 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
On the other hand, $837 million in short positions in Bitcoin futures have been liquidated over the past 24 hours
Bitcoin has dropped by about 3% to a price of $16,736 and Ethereum is trading with a slight decrease at $1,259
Other well-known cryptocurrencies like Dogecoin, Shiba Inu, Ripple, and Cardano have also seen a decline in price