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Bitcoin Hits Below $22000 Mark

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Bitcoin Hits Below $22000 Mark
Bitcoin Hits Below $22000 Mark (Pixabay)
Bitcoin Hits Below $22000 Mark
Bitcoin Hits Below $22000 Mark (Pixabay)

The prices of virtual assets such as Bitcoin and Ethereum are showing a sharp decline all at once.

According to CoinMarketCap, a virtual asset information site, On the 20th, Bitcoin was down 7.49% from the previous day at $21,095. At one point during the morning of the day, Bitcoin fell 10.26% from the previous day to $29,975, breaking the $21,000 level.

Ethereum also fell 10.70% to $1627.10, falling below $1,700.

In addition to Bitcoin and Ethereum, other virtual assets such as Binance Coin, Cardano, and Solana also showed a clear downward trend.

CNBC reported that it was not immediately clear what caused the sharp decline in the price of major virtual assets.

Susanna Streeter, Senior Market Analyst at Hargreaves Landsdown, said, “The cryptocurrency’s plunge does not show a sudden plunge pattern. did.

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I am a contributor to Advancetec.co.uk. I am fascinated by technology overall, especially crypto and it's potential to disrupt the global financial system. But until that future comes, I am perfectly content immersing myself in gaming, movies, gadgets, and all of the other wonders of the modern world.