Bitcoin price drops slightly to $38,600, the market is divided


Bitcoin price has dropped 2% to the $38,600 area, the crypto market is deeply divided, many large-cap altcoins rise and fall continuously. At the time of writing, BTC is changing hands at $38,660.

bitcoin-price-drops-slightly-to-38600-the-market-is-divided

BTC/USD 4-hour chart | source: TradingVew

Bitcoin price fell slightly and the market also recorded a bearish trend in other coins

A few hours ago, Bitcoin’s price stood at $39,021, down 0.4% from a day earlier. In the last 24 hours, Bitcoin’s lowest trading volume was at $38,609 and the highest was at $40,236.

Data from Coinmarketcap shows that the amount of Bitcoin traded is about 17.5 billion USD, the market capitalization recorded at $739 billion. The altcoin market is still covered in red, but the drop is not large. Accordingly, Tether (USDT) is down 0.01%, Binance Coin (BNB) is down 0.24%, USD Coin (USDC) is down 0.01%, XRP is down 1.8%, Cardano (ADA) is down 1.16%, Solana (SOL) is down 2.55…

However, the market recorded some bright spots such as Terra (LUNA) up 6.7%, Avalanche (AVAX) up 1.4%, Polkadot (DOT) up 4.5%, Ethereum (EHT) up 0%. Total market capitalization now stands at $1.77 trillion, down 0.7%.

Bitcoin has been volatile recently, hitting a bottom of $ 35,000 after Russian President Putin announced the expansion of military attacks on Ukraine. Not only Bitcoin, but other digital currencies also wobble after this breaking news.

According to professional traders, cryptocurrencies will be subject to many uncertainties according to the world geopolitical situation. “Bitcoin is no longer a safe haven. The cryptocurrency market is full of risks right now,” commented one trader.

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