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Bitcoin capitalization fell below $ 1 trillion

The first cryptocurrency continued to fall after reaching an all-time high at $ 58,000. Bitcoin’s market capitalization indicator fell from just above $ 1 trillion to $ 935 billion.

At the time of writing, digital gold is trading at $ 50,800. Bitcoin has dropped 10.9% over the past 24 hours, according to CoinGecko.

Over the past 24 hours, the price of bitcoin was twice under the $ 50,000 level. Four-hour BTC / USD chart from TradingView.

The screenshot below shows the top ten most capitalized cryptoassets.

Data: CoinGecko.

Most of the top coins have fallen in price by more than 10% in the last 24 hours. Exceptions: Polkadot and Tether stablecoin.

The total cryptocurrency market capitalization is $ 1.55 trillion. Bitcoin dominance index – 60.1%.

Recall that on February 22, the volume of liquidations of long positions in Bitcoin futures in one hour amounted to $ 410 million.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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