he crypto markets slumped on Saturday following several days of consistent gains. Both bitcoin and ethereum prices slid into the red, and most altcoins experienced declines as well.
Bitcoin Price Falls Below $2,500
Today’s bitcoin price decline was not as pronounced as the one it experienced earlier this week, but it still fell 1.73% to $2,496. More important is the fact that the bitcoin price has experienced a fairly steady skid over the past seven days, as the chart below indicates. Bitcoin now has a market cap of just under $41 billion.
One must wonder if concern over the impending network fork is fueling the recent bitcoin price decline and encouraging investors to cash out recent gains in anticipation of a potential price dip following the fork. If such a dip does occur, proactive investors will be able to acquire coins at a steep discount from current prices.
Crypto Markets Drop Under $100 BillionEarlier this week the total cryptocurrency market cap had inched its way back to $100 billion after the Monday Massacre, but today’s events erased that progress. The total market cap slid back beneath $100 billion and currently sits at $98.9 billion.
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