Cryptocurrency Update: The global cryptocurrency market cap was headed for a bloodbath on Friday, December 21 as all major crypto coins including Bitcoin and Ethereum shed drastically, after already being on the downward trod for days.
Bitcoin was trading at $38,828.93 at the time of writing this article, down by 7.78 per cent over the last 24 hours, while Ether went below the $3,000 mark.
“There can be multiple factors that could lead to impacting the crypto market and its prices.
“China shutting down Bitcoin mining in Sichuan province, has also led to crypto market prices going down in market value.
Also, the downtrend is affected by the minutes released by Fed,” said BACC member and BuyUcoin CEO Shivamm Thakral.
“The support price for BTC’s support price is above US$40,000 as momentum improves on intraday charts.
Over the last 24 hours, the value of one coin Covid Slice by 99.51 per cent.