The cost of bitcoin for the first time in 2 years fell below $15,800

Today has become quite significant for the main cryptocurrency. For the first time since November 2020, Bitcoin has fallen below the $15,800 level. At the same time, according to experts, user confidence in centralized cryptocurrency exchanges has dropped to critical levels over the past six months.

Despite this, representatives of the analytical company Santiment noted that this could even benefit the entire cryptocurrency sphere. The reason for this was the transition of digital currencies under the control of their own owners, who began to withdraw bitcoins and other crypto-currency funds to their wallets, be it online counterparts or hardware devices. Thus, when investors can protect themselves, in general, the credibility of the crypto industry will become higher, which will provide additional inflow of money.

Over the past 24 hours, the cryptocurrency market has suffered heavy losses, and the total supply of all digital assets has decreased in total to $802,000,000,000.

As of today, Ethereum was losing up to 7.35% in value, but has now corrected slightly, and its total trading volume is $11,600,000,000+. As for the main cryptocurrency, at the time of writing, the cost of bitcoin is $16,200, which is 2.26% less than a day ago and 5.12% less than a week ago. The total supply of the flagship cryptocurrency exceeds $30,800,000,000.

The largest drop among the top ten coins was shown by Dogecoin, which has fallen by 6.58% over the past day and at the time of writing the asset value is $0.076. The total trading volume of the meme token is $616,000,000+.