On the evening of May 5, quotes of the first cryptocurrency dropped to levels near $35,500. At the time of writing, the price had adjusted to levels around $36,500
Over the past 24 hours, the total volume of liquidations on the futures market exceeded $400 million.
The flagship traditionally pulled the rest of the market with it. According to CoinGecko, all assets from the top 10 by capitalization were in the red zone.
Subscribe to ForkNews in Telegram to stay up to date with news from world of cryptocurrencies
You May Also Like
Bitcoin SV fork is ready to launch
According to nChain, Bitcoin Satoshi Vision, a new fork of Bitcoin Cash, is almost ready to launch. The startup has already released a preliminary version of the software product. The beta version of Bitcoin SV has been tested for about five weeks and is now ready for launch with a few technical changes. As part of these changes, Windows support was removed.
Jack Dorsey's company plans to release its own ASIC miner
The co-founder of Block (formerly Square) is looking for qualified specialists to develop integrated circuits for Bitcoin mining and a hardware wallet.
