El Salvador will accept bitcoin as legal tender and offer aid to those who want to work in the cryptocurrency industry

They continue to fall: what is happening to the most famous cryptocurrencies?

Bitcoin and Ethereum are in full fall, what is happening to the most famous cryptocurrencies? Find out all the answers in this article. Keep reading for full information. 

Bitcoin and Ethereum are in full fall, what is happening to the most famous cryptocurrencies? Find out all the answers in this article. Keep reading for full information. 

The scenario does not rebound, and today there were sharp falls for the cryptocurrency market. Bitcoin, suffered its biggest decline in 10 days to test the support at $30,000 and $33,000, which the most popular cryptocurrency respected during its correction in May.

Bitcoin, suffered its biggest decline in 10 days

Likewise, Ethereum is not on a good day either as it suffers a 10% decline within the average in the most traded cryptocurrencies. The total capitalization is back at $1.5 trillion.

The most popular cryptocurrency has fallen 10%, from levels around $36,000 and $37,000, the largest daily loss for the asset since May 28, amid the selling pressure prompted by the withdrawal of bullish investor sentiment.

El Salvador will accept bitcoin as legal tender and offer aid to those who want to work in the cryptocurrency industry

On the other hand, the news that El Salvador will accept bitcoin as legal tender and offer aid to those who want to work in the cryptocurrency industry, which many have seen as an important milestone for the market, has been overshadowed by the ongoing tightening of cryptocurrency regulation in China and fears spreading through the market of a shift in US monetary policy.

For its part, Ethereum is trading around $2,500, with data from coinmarket, which represents a daily drop of 10.43%. And it's also the biggest one-day percentage loss since May 28.

Related Articles

More News

More News