Odaily Planet Daily reports that, according to Bloomberg data, the total market capitalization of cryptocurrencies has evaporated nearly $500 billion in less than a week. Since the October peak, driven by a sell-off trend led by BTC, the market has accumulated losses of up to $1.7 trillion.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Mining Cost Rises to $88,000, Miners Lose Approximately $19,000 Per Coin
Rising energy prices and tensions in the Middle East have increased Bitcoin mining costs, with current production costs around $88,000 per BTC. Miners are losing nearly $19,000 per coin, representing an overall loss of 21%. Network mining difficulty has decreased by 7.8%, hashrate has declined, and the market may face selling pressure.
GateNews49m ago
Trump Issues 48-Hour Ultimatum to Iran, Bitcoin Drops Below 69,200 on Weekend
On March 22, following Trump's ultimatum to Iran, Bitcoin fell below $69,200, declining 2.2% over 24 hours. Market sentiment impacted mainstream crypto assets broadly, with declines across the board despite the Federal Reserve maintaining interest rates unchanged. War risk has made traders cautious. If Iran fails to restore Strait of Hormuz passage, the conflict could escalate, impacting global energy transportation.
GateNews50m ago
Kentucky Push to Regulate Bitcoin ATMs Snags Hardware Wallet Providers in Legal Crosshairs
An amendment to Kentucky’s House Bill 380 has sparked controversy for proposing to impose strict requirements on hardware wallet providers.
Spotlight Shifts to Hardware Providers
A last-minute amendment to a Kentucky regulatory bill has ignited a fierce debate between state lawmakers and the
Coinpedia1h ago
Szabo Warns Developers Not to Break Bitcoin - U.Today
Nick Szabo emphasizes the importance of Bitcoin's trust-minimized security, warning that careless development could jeopardize its value. He also notes that Bitcoin is beginning to function as a global currency, particularly in developing nations with weaker currencies.
UToday1h ago
