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Bitcoin fell another 7% over the past day
The decline in cryptocurrency values caused by the Binance-rozirvala-ugodu-pro-pokupku-ftx/">lack of liquidity on the FTX exchange continues. Over the past 24 hours, BTC $95,840.60 Bitcoin -0.94% Market capitalization $1.9 trillion VOL. 24 hours $2.39 billion has fallen by another 7%. As for the capitalization of the entire cryptocurrency market, it dropped to $ 829.10 billion, losing 2.90% over the past day.
The main altcoin ETH $3,332.55 Bridged Ether (StarkGate) -1.24% Market capitalization $0.3 billion VOL. 24 hours $1.44 billion also continued to fall. Among the top 100 cryptocurrencies by capitalization, the value of thetoken suffered the most, losing another 40.25% overnight.
The SOL $184.91 Solana -0.24% Market capitalization $88.63 billion VOL. 24 hours $0.72 billion cryptocurrency left the top 10 list, falling to the 13th position. The token’s quotes collapsed, losing more than 20% in a day.
As for the analysts' forecasts, @CryptoCapo_ is pessimistic about the near future of some cryptocurrencies. Ethereum expects to fall to the range of $ 700 to $ 750, and bitcoin — to $ 13,000 by the end of this week, Capo is convinced. It is likely that reaching this mark will be a local bottom for bitcoin and will start the growth of the crypto market in general. It is worth noting that yesterday, Capo was more optimistic and predicted that bitcoin would fall to $ 14,000.
The trader also predicted new lows for Cardano (ADA) — $ 0.18-$ 0.23, for Litecoin (LTC) — $ 29-$ 32, and for Polkadot (DOT) — $ 3.40-$ 3.60. Capo’s March prediction of a 50% drop in the flagship cryptocurrency has come true, so the crypto community has reason to believe the expert’s current forecasts.