ALBAWABA – Bitcoin prices experienced a major decrease today: Friday 5th of July 2024 forming major big losses.
Bitcoin prices crashed
The value of Bitcoin fell to its lowest levels in two months following a great peak witnessed this year exceeding $73K. Bitcoin prices decreased by more than 7% today: Friday, 5th of July 2024 marking $53.9K with a market cap of $1.09 trillion.
Unfortunately, other cryptocurrencies’ prices have fallen today besides Bitcoin. Ethereum, the second famous cryptocurrency experienced a drop of 9.91% with its price dropping to $2,921.
Bitcoin drops drastically to below $54K today
On the other hand, The value of Binance decreased to $578 representing a decline of 13.44 percent and the price of Cardanos dropped to $0.3225 marking a decline of 18.79 percent.
Dogecoin dropped by 18.10% marking its final price $0.094545 and Ripple fell by 13.49% to mark $0.3980.
Bitcoin prices experienced a major drop past June 2024. Analysts pointed out that this decrease was attributed to the delayed decisions by the Federal Open Market Committee and the ongoing fluctuations in the markets.
Interestingly, Bitcoin reached its closing price of $0.05 on July 18, 2010. Remarkably, on March 13, 2024 Bitcoin achieved its peak closing price of $73,083.50.
