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Bitcoin falls 4.63% in 24 hours to $68,095, extending its weekly and monthly losses as the cryptocurrency faces renewed selling pressure.
Bitcoin has dropped below the $70,000 mark, falling to $68,095.16 against the US dollar as cryptocurrency losses accelerated across multiple timeframes.
According to the latest market data, Bitcoin declined 4.63% over the past 24 hours, with its average price recorded at $69,746.51. The cryptocurrency traded between a low of $68,095.16 and a high of $71,397.86 during the period.
The decline extended Bitcoin’s losses over the previous week, with the digital currency falling 10.16%. Its seven-day average stood at $73,691.01, while the highest recorded price was $75,793.55.
On a monthly basis, Bitcoin has lost 16.50%, with its average price dropping to $78,478.77 compared with a 30-day high of $84,448.22.
Despite the recent correction, Bitcoin remains up 7.98% over the past 90 days, although its 365-day performance shows a decline of 31.73%.
Over the past year, Bitcoin recorded a maximum price of $99,747.28 and an average of $76,171.25, highlighting the extent of its recent weakness.
The latest decline reflects continued volatility in the cryptocurrency market, with Bitcoin struggling to maintain its position above key psychological price levels.
Note: Readers advised to consult with their experts before trading into the cryptocurrency market as it is highly volatile. Pkrevenue does not advise any trading guidance. The new article is only for reading purpose.
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