Bitcoin lost 1.40% per day

After Bitcoin rose by 7% in a week and reached the $21,000 mark at the moment, the main cryptocurrency began to show a downward movement again. A day ago, the cost of Bitcoin was $20,750+, and at the time of writing, Bitcoin quotes are equal to $20,550.

The crypto industry is currently in a bear market. Most assets are falling after bitcoin. In the last 3 months, the main cryptocurrency at the peak of August 15 was worth $24,872, after which it continued to lose in price. In August, September and October, Bitcoin lost 17.4%, but in the last week it showed a rapid increase and added 7% to the value. The capitalization of bitcoin is almost $400,000,000,000, and the daily trading volume was $33,000,000,000+. The total market capitalization, in turn, exceeds $1,000,000,000,000

The main altcoin Ethereum continues to rise. Over the past week, he gained more than 20% of his price, and over the past day - 1%. Among the top 10 cryptoassets, the top 10 asset builders also include BNB, Solana, and Dogecoin. BNB added 20% to its value and now 1 Binance Coin is valued at $327. Solana is up 18% in a week and is worth $34, while Dogecoin is the leader of the last week. Due to the purchase of Twitter by Elon Musk, where he plans to integrate payment for some services through this meme-token, the cost of Dogecoin has grown by 105% and now one coin is valued at $0.1226.

As for the top 20 crypto assets, Shiba Inu, Avalanche, Polkadot, Uniswap and Cosmos performed well there. Their quotes for the week rose by 22.5%, 18% 15.9%, 14% and 19.7% respectively. If the rise of Dogecoin can be explained by the fact that Twitter was sold to one of the richest people in the world, Elon Musk, who had long proposed paying for Dogecoin on Twitter, then the rest of the cryptocurrencies simply follow the main asset.

In the period from October 25 to 26, bitcoin rose from $19,279 to $20,909 and has been in a local flat since then, fluctuating in the range between $20,900 and 20,070. After a long fall, the growth of bitcoin and other cryptocurrencies can be assessed as a correction and cooling after overheating. This may be followed by a continued decline in cryptocurrencies, although adherents of the cult "to the moon" also have reasons to believe in a reversal of the global trend. In our opinion, a large increase is not yet to be seen in the near future.