Crypto Markets Take Deep Losses, Global Trade Volumes Skyrocket, Elon Battles Crypto Twitter – Markets and Prices Bitcoin News

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Bitcoin and many digital currency markets see significant losses on Sunday, as most currencies have fallen between 2-15% in the last 24 hours. The total crypto economy fell more than 6% and bitcoin dominance fell to 40% the lowest the metric has been in two years.

Crypto Markets Facing New Lows

  • Cryptocurrency markets lost billions on Sunday as the price of the main crypto asset bitcoin (BTC) slipped from $ 49,800 to a low of $ 44,070 per unit. BTC lost 5.5% today and over the past seven days, bitcoin has shed more than 20% in value.
  • Bitcoin (BTC) reign levels fell to the lowest levels in two years. Crashing to a minimum of 40% on Sunday, during ethereum (ETH) captures 18.9%. Besides ETH, coins as BNB, ADA, XRP, DOT, and others ate BTC‘irrigation rate.
Crypto Markets Deeply Lose, Global Trading Volumes Boom, Elon Battles Crypto Twitter
BTC/ USD on Sunday at 17:00 (ET). In press time, bitcoin (BTC) trades for $ 44,644 per unit.
  • The second largest cryptocurrency, by market valuation, is ethereum (ETH) fell more than 9% today, but has only lost 11% in the last week. ETH sees about $ 42 billion in reported global trade volume on Sunday.
  • This weekend some cryptocurrencies of proof-of-interest (PoS) are doing better than assets that utilize consensus models as proof of work. On Sunday afternoon, the poS-token-peercoin is the second largest crypto-winner, gathering 97.5% for the last 24 hours.
Crypto Markets Deeply Lose, Global Trade Volumes Boom, Elon Battles Crypt Twitter
ETH/ USD on Sunday at 17:00 (ET). In press time, ethereum (ETH) trades at $ 3,377 per unit.
  • On Sunday afternoon, Tesla’s Elon Musk was terribly chatty when it came to discussing bitcoin (BTC). Musk made some statements to podcast host Peter McCormack and said: “Bitcoin is actually highly centralized, with a majority controlled by a handful of large mining (aka hacking) companies.”

Crypto Markets Deeply Lose, Global Trade Volumes Boom, Elon Battles Crypt Twitter

  • In another Twitter exchange, a Twitter account called “Mr. Whale” said: “Bitcoinists will hit themselves next quarter when they find out that Tesla has dumped the rest of their Bitcoin possessions. With the amount of hatred that Elon Musk gets, I wouldn’t blame him …” Musk responded to this tweet and answered: “Indeed” and even tweeted a screenshot of Mr. Whale’s tweet because some couldn’t see it.
  • At the time of writing, at 377 exchanges that account for 9,845 cryptocurrencies, the total crypto economy is valued at $ 2,107 trillion. There was also about $ 191 billion in reported global trading volume on Sunday according to market aggregators.
  • La upper stablecoins by market capitalization benefits from the crypto market downturn as stablecoins such as USDT, USDC, BUSD, and more see heavy demand.

What do you think of the market downturn this weekend? Let us know what you think about this topic, in the comments section below.

Tags in this story

Bitcoin, Bitcoin (BTC), BTC Domain, Crypto Markets, Crypto Twitter, Elon Musk, ETH, ETH Domain, Ethereum, Gainers, Markets, Paypal, Peercoin, PoS Currencies, Prices, Twitter

Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitcoinwisdom.io,

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