Bitcoin price drops below $25 000 for the first time since 2020

On the morning of June 13, the asset hit a low of $24 900 per coin

13.06.2022 - 06:40

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What’s new? On Monday, June 13, the bitcoin price fell by $25 000 to hit $24 900 (according to Binance). The asset lost 7,7% per day. The last time such a figure was seen was at the end of 2020. As of 06:20 UTC, the value of 1 BTC is $25 300. All 10 cryptocurrencies from the CoinMarketCap top by market capitalization are in the red zone. Solana saw the biggest losses, a decrease of 12,5% per day.

Detailed statistics on cryptocurrency rates

What other changes have taken place? The capitalization of the cryptocurrency market is $1,018 trillion. Bitcoin dominates at 47,2% and Ethereum at 15,7%. Only two assets in the top 100 are showing slight growth. These are Decentraland (MANA) and Neo (NEO), which added 0,66% and 2,22% respectively.

Earlier, the founder of the Cardano (ADA) blockchain network Charles Hoskinson spoke about the benefits of a bear market. Hoskinson said that the current situation allows him to focus on improving the network and interacting with the community. ADA’s capitalization is also down by 9,7% per day and amounts to $15,6 billion. The token is trading at $0,46, down in price by 9% over the day.

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