It’s like the chorus of a song.
The cryptocurrency market is under pressure again. For the fifth session in a row, prices have started to fall again. We are back under the trillion dollars in terms of market value. To be more specific, the market was worth $997 billion at the time of last audit, down 1.3% in 24 hours, according to data firm CoinGecko.
Thus, this market has lost more than $2.1 trillion compared to last November’s record of over $3 trillion. The current bearish trend is symbolized by bitcoin losing 8% of its value in the past seven days. The king of cryptocurrencies fell below $20,000, a threshold below which he hadn’t been since July 14.