TechBookyBusiness
No Result
View All Result
Wednesday, May 25, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Cryptocurrency

Prices of Bitcoin And Ethereum Drop More Than Ten Percent, Currently Trading Below $50,000 And $4,000 Respectively

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
December 4, 2021
in Cryptocurrency
Share on FacebookShare on Twitter

The prices of the world most famous cryptocurrencies Bitcoin and Ether, as well as others, are currently down after dropping over ten percent in the early morning hours ET Saturday.

Bitcoin saw its price plummet over 10 percent to a low of almost $43,000 from an all-time high of almost $70,000. Although the cryptocurrency made a brief recovery to about $47,100, Coindesk data shows that it has dropped over 16 percent in the last 24 hours.

The price of Ether, the Ethereum network’s cryptocurrency was also down more than 10 percent to a low of almost $3,500 from an all-time high of $4,700. It, however, made a short recovery trading around $3,870. According to data from Coindesk, Ether has lost over 14 percent in market value over the last 24 hours.

The recent troubles characterizing the cryptocurrency market started since the omicron Covid variant surfaced; this has also affected the stock market – currently, many stocks are down. Bitcoin which attained an all-time high of $68,000 hit a seven-week low close to $54,000 on the 26th of November, officially entering the bear market territory.

Typically, bear markets are defined by a decline of at least 20 percent from the most recent highs. From its all-time high trading price of more than $68,000 which it hit in the first week of November, Bitcoin is down about 30 percent.

As seen on Wall Street, major averages are reporting losses as the market continues to be affected by the Omicron Covid Variant which the World Health Organization (WHO) says is currently present in 38 countries worldwide.

Last month, both Ethereum and Bitcoin announced upgrades. Ethereum announced its Altair upgrade while Bitcoin announced its Taproot upgrade, and one would have thought that new milestones would have been attained following these upgrades. Irrespective of the current trends, experts and crypto advocates still have high hopes in Bitcoin, Ethereum and other affected cryptocurrencies.

As of the time of writing this article, Bitcoin was trading at $46,758, while the second-largest cryptocurrency Ethereum was trading at $3,868.81.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Bitcoin Hits A New All-time High Of More Than $68,000, Ethereum Wasn’t Left Out Of The Extended Rally
    Bitcoin Hits A New All-time High Of More Than $68,000,…
  • Ethereum Hit A New Record High Of More Than $3,400
    Ethereum Hit A New Record High Of More Than $3,400
  • Ethereum Hits A High Of $1938, Not A Great Record For 2nd Biggest Crypto
    Ethereum Hits A High Of $1938, Not A Great Record For 2nd…
  • $130 Billion Has Been Wiped Off Crypto Markets Following A Plunge In The Prices Of BTC and ETH, Reports Say
    $130 Billion Has Been Wiped Off Crypto Markets Following A…
  • It's Totally Possible That Ethereum Could Soon Hit $5,500, Here's Why
    It's Totally Possible That Ethereum Could Soon Hit $5,500,…
  • Bitcoin Makes A Brief Plunge Below $30,000 Before Rebound
    Bitcoin Makes A Brief Plunge Below $30,000 Before Rebound
  • Ethereum Hits A New Record High Of More Than $4,700
    Ethereum Hits A New Record High Of More Than $4,700
  • A Research Team At Standard Chartered Forecasts Bitcoin Reaching $100,000 By Early Next Year
    A Research Team At Standard Chartered Forecasts Bitcoin…
Tags: bitcoincryptocurrencyEthereum. Etherprice drop
Previous Post

FG To Regulate Netflix And Other Streaming Services Following The Saga With Twitter

Next Post

Twitter’s New CEO Parag Agrawal Reorganizes The Company’s Leadership Structure

Next Post
Twitter’s New CEO Parag Agrawal Reorganizes The Company’s Leadership Structure

Twitter’s New CEO Parag Agrawal Reorganizes The Company’s Leadership Structure

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Russia Will Start Using Its Digital Rouble With Real Customers And Real Transactions From April 2023 In A Pilot Project
  • Esaal, An Egyptian Health And Wellness Platform Gets $1.7 Million To Scale Operations Across the MENA region
  • Could Biometric Technology Be The Answer To Digital Payments Security Concerns?
  • South Africa’s Edtech Startup FoondaMate Secures $2 Million In Seed Funding
  • US Cybersecurity Firm Semperis Gets $200 Million In Funding

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china company crypto cryptocurrency e-commerce E-Naira earnings earnings season elon musk facebook fintech Funding gadget google government india Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock Stocks tech tesla twitter Ukraine whatsapp

Calendar

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • Russia Will Start Using Its Digital Rouble With Real Customers And Real Transactions From April 2023 In A Pilot Project
  • Esaal, An Egyptian Health And Wellness Platform Gets $1.7 Million To Scale Operations Across the MENA region
  • Could Biometric Technology Be The Answer To Digital Payments Security Concerns?
  • South Africa’s Edtech Startup FoondaMate Secures $2 Million In Seed Funding
  • US Cybersecurity Firm Semperis Gets $200 Million In Funding
  • Zoom Issues Better-than-expected First Quarter Earnings And Strong Guidance

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$29,798.000.67%
  • ethereumEthereum(ETH)$1,966.61-0.80%
  • tetherTether(USDT)$1.00-0.17%
  • binancecoinBNB(BNB)$328.580.08%
  • usd-coinUSD Coin(USDC)$1.00-0.13%
  • rippleXRP(XRP)$0.407748-0.61%
  • Binance USDBinance USD(BUSD)$1.00-0.17%
  • cardanoCardano(ADA)$0.52-0.59%
  • SolanaSolana(SOL)$48.63-1.92%
  • polkadotPolkadot(DOT)$9.98-1.73%
  • dogecoinDogecoin(DOGE)$0.0842600.37%
  • AvalancheAvalanche(AVAX)$27.62-4.68%
  • Shiba InuShiba Inu(SHIB)$0.000012-0.93%
  • matic-networkPolygon(MATIC)$0.65-1.82%
  • TerraTerra(LUNA)$0.00018715.78%
Posting....