Bitcoin lost nearly 6% in two hours
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Looks like the correction isn’t over yet.
The price of the first cryptocurrency took a tumble today. Over the course of two hours, it fell from $39,405 to $37,088. That’s a 5.8% decrease in a short period of time.
Soon after that Bitcoin price further went down. As I’m writing this, it was around $36,900. And now, the first cryptocurrency is at the lowest price since February.
Moreover, the whole crypto market took a tumble today. Ethereum has lost 5.4% in the course of two hours. Right now the second-biggest cryptocurrency is worth around $2,740.
Pretty much the same happened to other big coins. Solana fell 5.7% to roughly $85.3. Cardano lost 6.5% and now is worth $0.7918.
Seems like the correlation between Bitcoin and S&P 500 index continues. One of the biggest indices has lost 3,66% today.
Source: CoinMarketCap
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