Crypto Market Update: Bitcoin Falls Below $26,000

The cryptocurrency market has started the week below $26,000. According to CoinGecko, Bitcoin has fallen by 0.7% in the last hour reaching a price per coin in some exchanges of $25,900. This is the lowest price since March 2023. Other virtual currencies are also operating downwards.

Bitcoin Falls Below $26,000 as Crypto Market Falls

Bitcoin has fallen to its lowest price since March 2023. This shows that despite the relative stability that Bitcoin has had in recent months, the market has pushed the price of the largest virtual currency lower. After the most recent price action, Bitcoin has a market capitalisation of $505 billion.

But Bitcoin is not the only digital asset falling among the top 10. Indeed, other virtual currencies are registering losses. For example, Ethereum (ETH), the second-largest cryptocurrency in the world fell by 1.1% and reached a price of $1,650 per coin and a market capitalization of $200 billion.

Binance Coin (BNB), the virtual currency of the Binance ecosystem, is getting closer to $200 per coin after falling by 1% during the last hour. Continuing with virtual currencies among the top 10 XRP is experienced the largest losses in the top 10. The coin fell by 2.3% and it reached a price per coin of $0.51.

Cardano (ADA), Dogecoin (DOGE) and Solana (SOL) have also registered losses. These virtual currencies fell by 1.7%, 2.1% and 2.3%, respectively. It is worth taking into consideration that virtual currencies are volatile and their price can change at any moment.