The Worst Days of BitCoin is Back!!! Drops More than 10% in a Day

BitCoin- Drops More than 10% in a Day

[{"selector":"#anim-18b858ee-4747-4633-bde4-e915c305d947","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0feae738-78a3-4764-8354-deb7c884f576","keyframes":{"transform":["translate3d(0px, 188.67521%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2e119b0e-3e0b-483a-8133-5a2c59047814","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-617537d0-0404-4a9c-a285-d2e80687103b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

The price of bitcoin dropped 10.5% at $30,953.94, according to Coin Metrics which is a renowned crytpo trading platform.

[{"selector":"#anim-f93041f9-41ed-4b3c-9cc3-175e63584d86","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0a8e6ba2-03a1-4336-b0dd-d7bff6318dcf","keyframes":{"transform":["translate3d(0px, 192.52137%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7eed53a-a34a-490a-9357-dd2f069e4f66","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8bf5d6bb-2824-4dfe-b6e4-98d63d5cbcce","keyframes":{"transform":["translate3d(0px, -1371.6369%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e114f706-7b71-464c-ad15-bcf81fbc3216 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

BitCoin- At It's Record Low

[{"selector":"#anim-c7df90b3-0875-4162-b0c0-714dd5245142 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-06a63833-250a-4d0c-8c04-246d700a3c7c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d2c3cebc-fb27-4d29-abcb-3b3a4df4bbd8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1aa920a4-1aa2-4c56-b4f7-b65f715892a4","keyframes":{"transform":["translate3d(0px, 188.67521%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

It’s about 53% from its all-time high, which it hit in November. Ether fell 11.6% to $2,269.39.

[{"selector":"#anim-ddcc73e0-99f2-427d-9802-fde991cf2271 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-4e0927e1-4ab8-4739-8881-d1baa83c53a6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ab0c2b6-66ab-48ec-bca8-f8afb34fac4f","keyframes":{"transform":["translate3d(0px, 188.67521%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-934deb7e-ce64-4cce-be5c-e08ef93b95a5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca86d522-b05d-451e-9f95-74b0038e88d4","keyframes":{"transform":["translate3d(0px, -1371.6369%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

BitCoin- Stock Market Sell Off Impact

[{"selector":"#anim-74c0d59a-2db6-461e-b5ac-e9484b444121 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-355228a1-d847-44b9-8b77-36a8542fdf43","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5277f1e-bfa8-447f-9b2b-db0ee0810590","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dcc6fa77-163a-4dd8-9961-4594de91f3fc","keyframes":{"transform":["translate3d(0px, 190.59826%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Crypto market, led by bitcoin, has remained highly correlated with the moves in equities, particularly tech stocks, for about a year.

[{"selector":"#anim-0ef71ac5-61f6-4713-9d03-2bd36f8999e2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-44276696-a120-453a-a7a6-a135450d3043","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4bd6b16c-e1cf-499e-9424-919f98b9f4ab","keyframes":{"transform":["translate3d(0px, 192.52137%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05e2ac20-2c08-42c2-87f7-285e017913b3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e34cb343-604a-40b7-8dfb-58d1b41d58c5","keyframes":{"transform":["translate3d(0px, -1371.6369%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

BitCoin- Broad Shift in the Market

[{"selector":"#anim-e1817afb-48db-4710-8df8-162793e13dbf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-d8121682-7e9f-42a7-8d6a-1e35d7622234","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95682efd-585a-434c-9706-f4c801140180","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dff4e2bf-58aa-4321-bc05-8c91e0d5113e","keyframes":{"transform":["translate3d(0px, 188.67521%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Additionally, bitcoin currently has no counter-trend signals but the equity market looks poised to rebound this week.

[{"selector":"#anim-9919211a-8c6a-4b47-b5de-f9ba926d0f66 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-e1c1770c-4fd8-4164-a2a6-de91fdaf0af7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-302eaeda-a9ff-474a-9637-d7b56247b04b","keyframes":{"transform":["translate3d(0px, 192.52137%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-07d8e820-6fb4-4afc-afee-9db3dd6f374a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f681c6a-4a12-490c-b66b-40958fc2384f","keyframes":{"transform":["translate3d(0px, -1371.6369%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

BitCoin Falls Record Low- Swipe Up for More!!!

[{"selector":"#anim-c84df44a-0d92-42b7-808b-faa4eb7ce591","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5b285b0-f89e-4499-91d2-b2a63e9b6d12","keyframes":{"transform":["translate3d(0px, -1361.11058%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a8e4f13c-07d7-4f7e-a870-bbb01b19b9d6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7f84618d-0c39-4812-8eb0-e65c470bf4ad","keyframes":{"transform":["translate3d(0px, 195.40600%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-07a8c934-37d5-4053-aec2-e7c4c1e8654b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] SWIPE UP

BitCoin- Drops More than 10% in a Day

Bitcoin dropped more than 10% on Monday, dipping below $31,000 after touching a recent high of $40,000 last week.

The price of bitcoin dropped 10.5% at $30,953.94, according to Coin Metrics which is a renowned crytpo trading platform.

BitCoin- Coin Matrics Index

BitCoin- At It's Record Low

The cryptocurrency is at its weakest point since July when Bitcoin traded as low as $29,839.80.

It’s about 53% from its all-time high, which it hit in November. Ether fell 11.6% to $2,269.39.

BitCoin- 53% Down from Record High

BitCoin- Stock Market Sell Off Impact

Bitcoin have been steadily extending their declines since Thursday, when they fell sharply amid broader stock market sell-off.

Crypto market, led by bitcoin, has remained highly correlated with the moves in equities, particularly tech stocks, for about a year.

BitCoin- Dependent on Equities & Tech Stocks

BitCoin- Broad Shift in the Market

Equity and Crypto markets are selling off across the board due to a broad shift from risk-off to heavy risk-selling.

Additionally, bitcoin currently has no counter-trend signals but the equity market looks poised to rebound this week.

BitCoin- No Counter Trend Signal

BitCoin Falls Record Low- Swipe Up for More!!!

Swipe up for More Stories related to Tchnology, Gadgets, Finance, & Other Trending News around the Globe.