Bitcoin Fell Below $35K
According to CoinGecko, Bitcoin lost 8.5% over the past 24 hours and, at the time of writing, the first cryptocurrency was trading at $34,870.
Along with the sharp drop in digital gold, a surge in trading volumes was recorded.
Traditionally, the collapse of the Bitcoin exchange rate provoked the fall of the rest of the market. Among the top 10 cryptocurrencies by market capitalization, Ethereum, BNB, XRP and Cardano lost more than 10% of their price.