Bitcoin was launched in 2022 under severe selling pressure. In the first six days of this year, the crypto asset plunged more than 12%. The price of the digital asset has fallen below $43,000 following Wednesday’s correction.
Yesterday’s drop in bitcoin prices of more than 7% was a serious blow to Bitcoin holders. The crypto market cap fell by more than $200B in the last 24hrs. In the above mentioned time, Ethereum (ETH), Solana(SOL) and Polkadot DOT dropped more than 10%.
SOL was among the top 10 digital assets that suffered the most in the past 24 hours. The crypto asset saw a loss of almost 13% and a low of $147. Altcoins have lost more percentages than Bitcoin in the past 24 hours.
“Bitcoin briefly dropped below $43k for a first time since September, before showing a mildly encouraging rebound. The SP500 and gold have also fallen and seem to be very correlative at the moment,” Santiment , a crypto analytics platform, noted.