EDT (1310GMT), around its lowest level since December 2020. Ethereum, the world's biggest altcoin by market value, saw its price hitting as high as $1,258, but it was trading at $1,125 at the time. The total value of the cryptocurrency market was up to $976 billion in early hours before falling to $910 billion. The market, however, is significantly down from $3 trillion market cap that was recorded in November. The cryptocurrency market is highly correlated to the tech-heavy Nasdaq in recent months, and the pessimism in equity markets is regarded as a major reason behind the steep decline in cryptos. The Nasdaq futures were down 2.3% at 9.15 a.m. EDİRNE bitcoin Özel Güvenlik Görevlisi (Silahsız) 00007398119.
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The total value of the cryptocurrency market was down 9.9% to $875 billion at the time, according to data from the digital asset price-tracking website CoinMarketCap. Some altcoins saw their price plummet between 25% to 30% in the past 24 hours. The major sell-off on Tuesday started after crypto exchange major FTX asked for the help of rival, Binance, because of liquidity issues, which highlighted the fragile nature of the crypto market and instigated fears of vulnerability. Bitcoin dives further to $27,785, hovering around lowest level in 16 months. The price of Bitcoin dove further to $27,785 on Wednesday and was hovering around its lowest level in 16 months. It fell to $29,000 at 4.53 p.m. EDT (2053 GMT), according to data on Binance, the world's largest crypto exchange by trade volume. Çağrı kartal.
The total value of the cryptocurrency market was up to $976 billion in early hours before falling to $910 billion. The market, however, is significantly down from $3 trillion market cap that was recorded in November. The cryptocurrency market is highly correlated to the tech-heavy Nasdaq in recent months, and the pessimism in equity markets is regarded as a major reason behind the steep decline in cryptos. The Nasdaq futures were down 2.3% at 9.15 a.m. EDT (1315GMT), indicating another opening in negative territory, although the US stocks finished Wednesday on positive note. The US stock exchanges rallied Wednesday after the Fed raised its benchmark interest rate by 75 basis points on Wednesday, marking its biggest hike in 28 years, and signaled that another 75 basis points of rate hike is on the table for July. Despite the Fed providing a roadmap in its monetary tightening, investors are still worried that the aggressive rate hikes could cause a recession in the world's largest economy. Bitcoin hits lowest level since November. The value of bitcoin slipped below the $5,800 mark Friday -- its lowest levels since November as security and regulatory concerns overwhelm buyers.
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