MPost Markets: Bitcoin prices continue to fall

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The bear market shows no signs of slowing down, with Ether and Bitcoin prices remaining affected. Markets continue to be unpredictable, and so investors need to remain cautious while making investments due to current instabilities.

Bitcoin prices are maintaining a downward trend, failing to stay above the $30,000 mark. In fact, for the first time since its inception, BTC has been incurring losses for eight weeks straight. During the last 24 hours, the price has dropped by 3.83%, according to CoinMarketCap data, at the time of writing. Ether has noted an even steeper drop of 5% and is currently at $1,979.80, with BNB and XPR also experiencing similar drops of 2.42% and 4.44% respectively.

Fantom, which yesterday saw an uptick of 16%, today has declined by 13.83%, proving just how volatile the market currently is.

However, that’s not to say there are no upward trends seen. Following the horrible TerraUSD (UST) crash earlier this month, the stablecoin is now experiencing the biggest rise in prices of 10.68%, but at $0,08 it is still nowhere near regaining its former price. Luckily, Tether and USDC are doing better, both oscillating around the $1 price.

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Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

Karolina Gaszcz

Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.

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