Coin Prices
July 14th, 2021
Crypto investors brace for higher volatility as Bitcoin plunges to $30,000.
The Crypto market has once again taken a sharp dive with Bitcoin tumbling below $30,000 for the first time since January. This has left many investors concerned and bracing for higher volatility in the coming months.
This rapid decline in the cryptocurrency market has caused some individuals to question their investment choices. However, most industry experts are urging investors not to panic.
Analysts speculate that market manipulation from large whales, lack of institutional involvement, and regulatory uncertainty are all contributing factors to this temporary market downturn.
Ethereum (ETH) and Binance Coin (BNB) also suffered large losses, with Ethereum dropping nearly 8% and BNB dropping over 10%.
The decline in prices has rattled small investors, however, it has also presented an opportunity for larger investors to gain discounted positions in cryptocurrencies.
The overall market capitalization of cryptocurrencies has currently dipped below $1.5 trillion, a significant pullback from the highs of over $2.5 trillion earlier this year.
Despite the sharp pullback, industry insiders are maintaining a bullish outlook on the long-term health of the cryptocurrency market. Many see this downturn as a buying opportunity, especially for those who missed out on investing during the early days of crypto.
Overall, the market remains unpredictable and it is essential for investors to remain vigilant and stay informed. It is important to remember that investing in cryptocurrencies is inherently risky and investors should never invest more than they can afford to lose.
For the current market prices of various crypto coins, please see the chart below.
| Coin | Price | 24H Change |
|---|---|---|
| Bitcoin (BTC) | $31,255 | -3.24% |
| Ethereum (ETH) | $1,937 | -7.87% |
| Binance Coin (BNB) | $265 | -10.56% |
| Cardano (ADA) | $1.22 | -6.34% |
Disclaimer: The above prices are sourced from coinmarketcap.com and are for informative purposes only. These prices are subject to change at any time and should not be considered investment advice.
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The material in this article is written on the basis of another article.