Finst

Bitcoin drops again to $55,000

After falling on Friday, Bitcoin rebounded over the weekend.

By Mike Hesp
• 1 min read
Bitcoin drops again to $55,000

After falling on Friday, Bitcoin rebounded over the weekend. Now, however, the sell-off continues: BTC is losing value.

In the View post on X is Bitcoin from $57,000 to temporarily $54,450 decreased. At the time of writing, the leading crypto currency is listed at $55,505, with a daily loss of nearly four percent.

Ethereum, Solana and others are also losing value overnight. The total market capitalization is at $2.04 billion.

With the continued sell-off in recent weeks, greed in the crypto market has given way to fear. The Fear & Greed Index shows only 35 points see. By comparison, this value was still at 91 in mid-March.

The overnight sell-off began simultaneously with the opening of Asian trading markets. How Bitcoin will react at the start of U.S. markets remains to be seen.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.