Major Cryptocurrencies Such as BTC & ETH

In the past 24-hours, almost the entire cryptocurrency industry has observed a huge plunge. Even the major cryptocurrencies have not been able to save themselves from facing the huge plunge in the past 24-hours. Even Bitcoin (BTC) has ended up facing a huge plunge in the past 24-hours. The data from TradingView shows that in the past 24-hours, the price of Bitcoin has plunged by 7.33%. After experiencing the plunge, the price of Bitcoin has dived to $42,757.92 per BTC.

It is currently the worst plunge BTC has observed in several months. In the past 24-hours, the trading volume for Bitcoin has surged by 55.79%, surging up to $41,309,043,883. The surge in the trading volume shows that the investors are currently selling the dip because they are concerned about the dip in the price of BTC.

As of now, the overall sentiments of the investors are bearish when it comes to Bitcoin. This is the reason why the investors are selling BTC on a large scale, thus causing a surge in the trading volume. In the past 24-hours, the bottom price BTC has observed is worth $42,645.54 per BTC. The peak price BTC has observed is worth $46,461.07 per BTC.

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At present, the market valuation of Bitcoin is over $813.4 billion, but it has observed a 7.40% dip in the past 24-hours. As BTC is currently observing a bearish trend, it means that its price is going to continue dipping for days to come. The investors are currently bearish about BTC and they may support bears in pulling the price of BTC even lower.

Ethereum (ETH) being the second-largest cryptocurrency is also facing the same trend. In the past 24-hours, the price of ETH has also observed an 11.66% plunge, which is even worse than Bitcoin. At the time of writing, the price of ETH is down to $3,342.74. It is also the lowest price ETH has hit in several months.

The data surrounding ETH shows that the price of ETH has dipped to $3,336.94 per ETH in the past 24-hours. On the other hand, the highest price ETH has hit in the past 24-hours is worth $3,820.98.

In the past 24-hours, the trading volume for ETH has been worth $27,213,845,762. According to information from CoinMarketCap, the trading volume for ETH has surged 138.58% in the past 24-hours.

Just like Bitcoin, the price of ETH is experiencing a dip and it is also observing a bearish trend. This means that ETH’s price will continue experiencing a dip in the upcoming days. For now, it is the bears that have the situation in their favor and they may continue selling ETH, pulling its price even lower.

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