Bitcoin Plunges Again, Breaking Below $62,000, Other Cryptocurrencies Also Decline
Bitcoin Plunges Again, Breaking Below $62,000, Other Cryptocurrencies Also DeclineOn August 3rd, Beijing time, Bitcoin prices experienced another significant drop, breaking through $63,000 and $62,000 consecutively. As of 10:40 am that day, Bitcoin was trading at $61,353, down 4
Bitcoin Plunges Again, Breaking Below $62,000, Other Cryptocurrencies Also Decline
On August 3rd, Beijing time, Bitcoin prices experienced another significant drop, breaking through $63,000 and $62,000 consecutively. As of 10:40 am that day, Bitcoin was trading at $61,353, down 4.51% for the day, 7.63% for the week, and up 7.44% for the month.
Beyond Bitcoin, other cryptocurrencies also exhibited a widespread decline. Major virtual coins like Ethereum, Solana, and Dogecoin were not spared, all experiencing substantial drops.
Ethereum's latest price dipped below $3,000, settling at $2,963, representing a 5.95% decline in 24 hours, a 6.84% drop for the week, and a 1.56% decrease for the month. SOL's latest price stands at $151.5, down 7.14% in the past 24 hours, 12.41% for the week, and up 13.55% for the month. Dogecoin's latest price is $0.11, down 4.36% in the last 24 hours, 12.28% for the week.
This recent plunge in Bitcoin and other cryptocurrencies has rekindled concerns within the market about the future trajectory of the virtual currency market.
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