Bitcoin has fallen sharply by more than $ 4000

Cryptocurrency market analysts have recorded a sharp drop in bitcoin BTC $74,948.48 Bitcoin 1.36% Market capitalization $1.48 trillion VOL. 24 hours $4.11 billion that occurred on the evening of January 3. According to analytical services, the value of the digital coin fell below $ 41,000. In a little over an hour, the price of the virtual currency fell from $ 45,100 to $ 40,800. According to expert Colin Wu, this happened as Matrixport researchers published their latest report. In it, they assured that the US Securities and Exchange Commission (SEC) would not approve spot bitcoin ETFs in January this year.

As of January 4, the flagship crypto asset was trading at $ 43,169 with a market capitalization of $ 845.5 billion. According to CoinMarketCap, traders made daily trading deals worth $ 47 billion. Bitcoin’s dominance in the market amounted to 51.1%.

Colin Wu also said that Ethereum quotes ETH $2,821.95 Bridged Ether (StarkGate) 7.71% Market capitalization $0.23 billion VOL. 24 hours $2.08 billion at some point fell below $ 2100. The amount of liquidations in the crypto market over the past 4 hours amounted to $ 540 million.

At the time of writing, the main altcoin is trading at $ 2,238 with a market capitalization of $ 268.9 billion. Traders made daily trading deals worth $ 19.6 billion. Ethereum’s market share is 16.3%.

Other altcoins also fell significantly in price. Among the major cryptocurrencies, Solana SOL $188.41 Solana 2.20% Market capitalization $88.85 billion VOL. 24 hours $1.01 billion has suffered seriously. The coin’s price dropped to $ 96.9, which is 14.2% lower than yesterday. Over the past 24 hours, traders have made deals worth $ 4.79 billion. The asset’s capitalization is $ 41.66 billion.

In this regard, SOL lost the 4th place in the ranking of the world’s best digital currencies, losing to BNB (BNB), which fell by only 3.1% during the reporting period. The total supply of akiva amounted to $ 46.68 billion, and its price fell to $ 307.7.

Finally, other cryptocurrencies also fell significantly. For example, Cardano ADA $0.37 Cardano 3.37% Market capitalization $13.3 billion VOL. 24 hours $53.98 million fell by 12.02%, Avalanche AVAX $26.96 Binance-Peg Avalanche 3.26% Market capitalization $53.88 million VOL. 24 hours $64.77 million - by 13.35%, and Polkadot DOT $4.07 Polkadot -0.29% Market capitalization $5.84 billion VOL. 24 hours $33.27 million - by 13.8%. The main meme-coin Dogecoin DOGE $0.07 Department Of Government Efficiency -3.29% Market capitalization $70.91 million VOL. 24 hours $1.07 billion fell by 11.8%.