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Bitcoin (BTC) Price Plunges after an All-Time High Above $69K

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2 months ago

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Today the price of Bitcoin (BTC) soars to an all time high of $69000. This level was first touched in Nov 2021. The approval of Bitcoin ETFs works as a catalyst for the current bull run in the crypto space. The price of BTC is up 51.69% this year.

If we look at the current market cap of entire cryptocurrency then its $2.53 Trillion. The dominance of BTC is 52.33 percent at the time of press release. Not only this, the current crypto fear and greed index is 90 which is extreme greed.

At the press time the BTC is trading at $64800 a decline of 3.02% within 24 hour time frame. A large number of crypto long traders has been liquidated during this period.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.