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Bitcoin dropped below $ 40,000

10:37 am, January 23, 2024

On the morning of January 23, according to the analytical tracker CoinMarketCap, the global cryptocurrency market capitalization showed a 2.9% drop to $ 1.57 trillion. The Fear and Greed Index fell to a bearish 49 points.

The cryptocurrency market continues to show a general downward trend. Thus, the price of bitcoin BTC $98,400.23 Bitcoin 0.56% Market capitalization $1.95 trillion VOL. 24 hours $5.8 billion has retreated from the $ 40,000 mark, where it had been for several days. At the time of writing, the main cryptocurrency is trading at $ 39,851. The daily losses of the flagship crypto market amounted to 3%.

As for altcoins, the situation is similar: many virtual coins have fallen at a rate similar to bitcoin.

The reason for the fall in digital assets was the outflow of funds from the Grayscale GBTC product and, as a result, a significant number of BTC sales. It was also revealed that the management dealing with the problems of the bankrupt FTX crypto exchange sold bitcoins worth about $ 1 billion after GBTC turned into a spot exchange-traded fund.

It should be added that bitcoin’s market share is currently 49.8%.

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BTC

$98,400.23

0.56%

ETH

$3,327.94

6.01%

BNB

$622.86

2.44%

XRP

$1.40

24.91%

SOL

$257.25

6.56%

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