In recent hours, a substantial withdrawal has offered Bitcoin, with its price that fell far below $ 112,000.
Ethereum (ETH) performed even worse and fell less than $ 4,000 for the first time since the beginning of August.
The bears are again in charge
Bitcoin had are Good Moments yesterday (September 25), with his price rise Unpleasant almost $ 114,000 at some point. De Beren, however, intercepted that increase and managed to reverse the process.
Only a few hours later the valuation fell to around $ 111,500 before he returned somewhat to the current $ 111,800 (according to the data from Coingecko).
The negative performance could be linked Recent comments from FED chairman Jerome Powell, who emphasized disturbing signs in the American economy, in which uncertainty was expressed about the future macro -economic policy.
While the price of BTC has fallen, Gold Klimmen will continue to register the famous economist Peter Schiff Unpleasant to declare That the cryptocurrency has entered into a bear market. The theory was quickly rejected by the crypto community, in which many members believed that there is much more room for growth during this cycle.
After the last retreat, the market capitalization of Bitcoin has fallen to $ 2.23 trillion, while his dominance over the Altcoins is 56.9%.
Red day for the alts too
The second largest cryptocurrency, Ethereum (ETH), has posted an even more important price decrease than the leader of the industry. His price a few hours ago slide Under $ 4,000 for the first time since the beginning of August. Later the bulls managed to push the appreciation above that psychological brand.
Other well -known Altcoins, including Binance Coin (BNB), Solana (SOL), Cardano (ADA), Avalanche (Avax) and many more, are nowadays also in deep red territory.
Among the few exceptions in the Green are Flare (FLR), Myx Finance (MyX), Bitget token (BGB) and OKB (OKB).
The total market capitalization of the cryptocurrency sector has been deposited by 1.4% and is around $ 3.93 trillion.
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