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Bitcoin Falls Below $59,000, Loses 4% in Value

Bitcoin Falls Below $59,000, Loses 4% in Value

Bitcoin’s price fell below $59,000, dropping approximately 4% in the last 24 hours. As of 0750GMT, Bitcoin is valued at around $58,200, with a market cap of $1.15 trillion. The 24-hour transaction volume for Bitcoin was about $35 billion.

Last week, Bitcoin exceeded $63,000 and was over $70,000 in June. Ethereum also decreased by 5% to $3,180 in the last 24 hours

Read more: Is An Altcoin Season Approaching Amid Bitcoin’s Recent Developments?.

The overall crypto market size, including Bitcoin, shrank by 4.3% to $2.16 trillion, according to Coinmarketcap.