Cryptocurrency Market Crash: Weakness is being seen in the cryptocurrency market on 23 February. The world’s oldest cryptocurrency Bitcoin slipped below $65,000 during Asian trading. This is the lowest level in about eight months. According to Coinmarketcap, this decline has been recorded in early trading.

Experts believe that the uncertainty regarding US President Trump’s tariff policy could be the reason for this big decline. Which has alerted investors. Let us know the condition of other cryptocurrencies including Bitcoin…

Heavy pressure on Bitcoin prices

According to CoinMarketCap, at around 11:35 am on February 23, the price of Bitcoin was recorded at $65,037.51. A slight increase of 0.47 percent was seen in the last 1 hour. Whereas in the last 24 hours it has fallen by 4.29 percent.

Talking about statistics, after such a huge fall, Bitcoin has reached its lowest level in the last 8 months. If we look at the performance of the last 7 days, there is a decline of 4.84 percent in Bitcoin. There is an atmosphere of disappointment among investors due to the fall in the prices of Bitcoin.

Condition of Ethereum and Tether

Ethereum was trading at $1,865.01. It has fallen by 5.52 percent in the last 24 hours. Ethereum has slipped 4.68 percent on a weekly basis. On the other hand, the price of Tether is $0.9998. A slight fluctuation of 0.02 percent in the last 24 hours and 0.03 percent in the last 7 days has been seen in the prices. Due to which its stability is maintained.

Solana and BNB also slipped

The price of Solana has been recorded at $77.78. There has been a weakness of 8.43 percent in the last 24 hours and a decline of 8.12 percent in 7 days. Whereas BNB is trading at $593.58. It has fallen by 4.14 percent in the last 24 hours. Whereas, if we talk about the last 7 days, there is a decline of about 3 percent.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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