Recent Crash Recap: On February 5th, Bitcoin experienced another major plunge, dropping below the $70,000 mark. Within just a few hours, Bitcoin fell over 7%, Ethereum dropped 8%, 200,000 traders were liquidated, and 6.6 billion yuan worth of funds "vanished into thin air." As of 7:39 PM on February 5th, Bitcoin's latest price was $70,536, down 7.27% in 24 hours, a 14% decline over the past week, and a 22% drop over the past month. Compared to its all-time high of $126,000 four months ago, it has fallen 44%. Ethereum's latest price is $2,086, down 7.51% in 24 hours, with a 23% decline over the week and a 32% decline over the month. Compared to $4,711 four months ago, it has dropped nearly 56%. Additionally, cryptocurrencies like XRP, SOL, and DOGE experienced even more severe declines during this market crash. As of February 5th, the total market capitalization of cryptocurrencies was $2.39 trillion, down nearly 43% from $4.19 trillion at the beginning of October.

BTC1,74%
ETH0,06%
XRP0,7%
SOL-0,93%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)