#binance #hype #zec #near
17/08/25 22:49 UTC-04

Bitcoin drops to $115K as altcoins also correct

Cryptocurrency Cryptocurrency
Cryptocurrency Bitcoin drops to $115K as altcoins also correct

Major cryptocurrencies declined, pushing the total crypto market capitalization below $4 trillion, Bloomberg reports.

Bitcoin fell 2.2% to around $115,000, while Ethereum, the second-largest token, lost more than 4.5% at one point on Monday, dropping below $4,300. The total value of all cryptocurrencies fell to $3.9 trillion.

The drop came after Bitcoin hit a record $125,514 on August 14, while Ether on the same day approached its all-time high set in November 2021.

The surge of the two leading tokens had been fueled by a wave of institutional investments, led by companies allocating treasury funds into digital assets.

“There has been consistent profit-taking in the market since last week’s new all-time high,” said Caroline Mauron, co-founder of Orbit Markets, adding that “the momentum behind the boom in crypto treasury bonds seems to be losing steam.”

See also: "Ethereum Trading Just 3% Below All-Time High"

#Capitalization #Bitcoin (BTC) #Price drop #Correct #Altcoins

Editor: Yulia Krasnaya
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