The Bitcoin price continued its downward trend on Thursday, falling nearly $ 1,000 within 20 minutes. This is from data from Coinbase Pro, which indicates that the world's largest cryptocurrency by market capitalization has fallen from $ 11,700 at 4:05 pm UTC to $ 10,800 until 5:44 pm UTC.
While the price stabilized for a short time, it fell to 10,346 USD, according to Coinbase data. At the time of going to print, the Bitcoin price was $ 10,600.
The recent slump was accompanied by massive price losses across the entire cryptocurrency market, with most of the top 100 cryptocurrencies also falling by market cap.
] Bitcoin SV was the biggest loser in the top 10, with CoinMarketCap pricing down nearly 25 percent that day.
The entire crypto market has lost about $ 80 billion in the last 24 hours.
This is the second consecutive day Bitcoin price has fallen, following the intoxication that coincided yesterday with Coinbase's short break. At that time, the Bitcoin price dropped more than $ 1
Nikhilesh De contributed to the coverage.
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