Bitcoin tumble-down continues as the cryptocurrency went below the $5,000 mark for the first time in 13 months’ time.
The cryptocurrency market-leader Bitcoin and the other cryptocurrencies fell over the tip yesterday with Bitcoin going below the $5,000 mark amid uncertainty regarding the currency’s future. Forbes reports that the Bitcoin’s market capitalization now stands at $90 billion compared to that of more than $110 billion from a couple of weeks back.
Also Read: What is Bitcoin and what you need to know about it?
The cryptocurrency hit a low value of $4,951 yesterday by falling 9%, it’s a considerably low value because the currency had gone relatively stable at a price mark of $6,400 for quite a few days. The other cryptocurrencies also didn’t do any good. Ripple was down by 5% while Ethereum took a dip of 13%.
Just last week, Bitcoin Cash split into two different cryptocurrencies as part of a hardfork and was divided into “Bitcoin ABC” and “Bitcoin SV”. Instead of pushing the graph up, the cryptocurrencies have started seeing a considerable fall. The currency had hit its peak value just over a year ago and ever since then, it has lost about 75% of its value in a year’s time period.
Capable of conversing in both Chinese and English, Tencent’s large language model ‘Hunyuan’ is claimed…
Working on multiple AI models, Apple has allocated several teams who are working on artificial…
The world's largest offshore wind turbine has achieved a milestone by setting a new record…
YouTube is stepping into the world of gaming. YouTube has started testing out its gaming…
In a remarkable academic achievement, Abdullah Zaman, a Pakistani student hailing from Attock, has clinched…
Flying Bum, the world's largest aircraft is ready to launch in 2026. The Airlander 10…
Leave a Comment