Selling pressure has intensified in the cryptocurrency market again. All major digital assets have depreciated in the last 24 hours, and the price of “Bitcoin” has fallen below $76,000.
elchi reports that according to data from the “CoinMarketCap” platform, the price of “Bitcoin” has decreased by 5.88% in the last 24 hours, falling to $75,589.04 USD. The cryptocurrency’s price has decreased by 3.23% in the last 7 days and by 10.08% in the last 30 days.
“Ethereum” has depreciated by 7.79% to $2,228.18, and BNB has decreased by 3.01% to $691.98. “Zcash” has lost 2.56% of its value, falling to $1,277.96, and “Monero” has depreciated by 2.83% to $620.66.
Among other cryptocurrencies, “Bitcoin Cash” has depreciated by 2.51% to $274.73, and “Bittensor” has fallen by 6.63% to $219.57. “Quant” has lost 8.25% of its value, falling to $189.46.
Gold-backed cryptocurrencies have also seen a decline. “PAX Gold” (PAXG) has depreciated by 2.34% to $4,030.70, and “Tether Gold” (XAUT) has lost 2.18% of its value, falling to $4,025.43.
The “CoinMarketCap 20” index has decreased by 6.04% in the last 24 hours, reaching 153.60 points. “Bitcoin’s” market capitalization has fallen to $1.52 trillion.
Analysts state that the sharp decline in the cryptocurrency market may be related to investors moving away from risky assets and increased selling. The lack of sustainability in the previous day’s appreciation indicates that uncertainty remains in the market. The depreciation of gold-backed digital assets, along with major cryptocurrencies, shows that the selling is affecting various segments of the market.