Summary of the week: Bitcoin's price fell to $42,000 in the moment

Cryptocurrency Cardano traded at $1.5677 at 22:43 (19:43 GMT) on Friday, according to the Investing.com index, down 10.67% on the day. It was the cryptocurrency's biggest drop in value since September 7.

The fall also triggered a decline in the marketCardano capitalization to $52.7060B, or 2.11% of the total capitalization of all cryptocurrencies. Whereas earlier at its peaks, Cardano's capitalization was $94.8001B.

Over the past 24 hours, Cardano has traded between $1.5657 and $1.7281.

Over the past 7 days, Cardano cryptocurrency has feltThe rate stagnated within onlymoved-pct. The volume of Cardano currency traded in the last 24 hours before the publication of this piece was $2.5174B or 2.08% of the total volume of all cryptocurrencies. The exchange rate has ranged between $1.4230 and $1.7565 in the last 7 days.

In the dCardano is still below 49.41% of its $3.10 peak on September 2.

Meanwhile, other cryptocurrencies
Bitcoin cryptocurrency last traded at $53,998.1, according to the Investing.com index, down 4.75% duringof the day.

Etherium was trading at $4,218.71 , according to the Investing.com index, down 5.98%.

Bitcoin's market capitalization is $1,024,5184B or 41.06% of total cryptocurrency capitalization, while Etherium's market capitalization is $502,6028B or 20.14% of total cryptocurrency capitalization.Cryptocurrency Lightcoin was trading at $183,900 at 23:21 (20:21 GMT) on Friday, according to the Investing.com index, down 10.55% on the day. It was the cryptocurrency's biggest drop in value since November 26.

The drop also triggered a decline in market capThe market has been growing in recent years, with LightCoin's capitalization reaching $12,671B, or 0.52% of the total capitalization of all cryptocurrencies. Whereas earlier at its peaks, LightCoin capitalization was $25.609B.

Over the past 24 hours, Lightcoin has traded between $180,500 and $207,500.

Over the past 7 days, Lightcoin cryptocurrencyoin felt a drop in the rate to the extent of lost 7.11%. The volume of Lightcoin currency traded in the last 24 hours prior to the publication of this piece was $1,597B or 1.28% of the total volume of all cryptocurrencies. The rate has ranged between $180,5000 and $218,9000 in the last 7 daysher.

Right now, Lightcoin is still below 56.21% of its peak of $420.00, which was reached on December 12, 2017.

Meanwhile, other cryptocurrencies
Cryptocurrency Bitcoin last traded at $53,303.3, according to the Investing.com index, falling 6.72% for the day.

Etherium traded at $4.155.92 , down 7.63%, according to the Investing.com index.

Bitcoin's market capitalization is $993,117B or 41.09% of total cryptocurrency capitalization, while Etherium's market capitalization is $486,250B or 20.12% of total cryptocurrency capitalization.The most prominent cryptocurrencies collapsed about 20% on Saturday night, with bitcoin hitting its lowest since late September, falling to $42,000, and the total capitalization of the cryptocurrency market shrinking 16% to $2 trillionThe trade data show.

By the morning, the fall had slowed slightly, but remains quite strong. On the largest cryptocurrency exchange by trading volume, Binance, bitcoin was down 16.7% to $47.25 as of 10.03 a.m. Moscow time. And according toAccording to CoinMarketCap portal, which calculates the average price of more than 20 exchanges, bitcoin fell by 16.36% to $47.6. Everywhere the dynamics is given for the day.

Earlier in trading, bitcoin fell to $42,000 for the first time since September 30.

Exact siFOREX and CFD market charts
In the analytical portal for traders of NPBFX - earn with us since 1996!
Learn more
A wave of sell-offs has affected popular cryptocurrencies such as Ethereum, Litecoin and Monero in Russia. Ethereum cryptocurrency is down 14.91%, eabout $3.89 thousand, Litecoin - up 24.96%, to $153.2, Monero - up 18.76%, to $195.9.

The cryptocurrency exchange capitalization fell 16% to $2.2 trillion. In early November, this figure reached $3 trillion for the first time in historyв.The cryptocurrency Etherium traded at $4,073.18 at 07:43 (04:43 GMT) on Saturday, according to the Investing.com index, down 10.14% on the day. It was the cryptocurrency's biggest drop in value since November 26.

The drop also triggered a decline in the market capThe price of Etherium reached $486.63B, or 20.26% of the total capitalization of all cryptocurrencies. Whereas earlier at its peaks, the capitalization of Etherium was $569.58B.

Over the past 24 hours, Etherium has traded between $4,057.66 and $4,237.56.

Over the past 7 days, the cryptocurrency Efirium felt stagnation in the rate within onlymoved-pct. The volume of Etherium currency traded in the last 24 hours prior to the publication of this piece was $27.04B or 19.47% of the total volume of all cryptocurrencies. The exchange rate ranged between $3,980.2363 and $4,778.1426 in the lastfor at least seven days.

At the moment, Etherium is still below 16.26% of its peak of $4,864.06, which was reached on November 10.

Meanwhile, other cryptocurrencies
Cryptocurrency Bitcoin last traded at $52,029.8, according to the Investing.com index, atfalling 8.03% during the day.

Binance Coin was trading at $569.98 , according to Investing.com index, down 7.43%.

Bitcoin's market capitalization is $991.71B or 41.28% of total cryptocurrency capitalization, while Binance Coin's market capitalization is $96.20B or 4.00% of total cryptocurrency capitalizationа.The cryptocurrency EOS traded at $3.2115 at 08:10 (05:10 GMT) on Saturday, according to the Investing.com index, down 19.03% on the day. It was the cryptocurrency's biggest drop in value since September 7.

The drop also triggered a decline in market kEOS capitalization to $3.1010B, or 0.14% of the total capitalization of all cryptocurrencies. While earlier at the peaks EOS capitalization was $17.5290B.

Over the last 24 hours, EOS has been trading between $3.0218 and $3.8048.

Over the past 7 days, cryptocurrency EOS has felt the dropEOS has lost 16.53%. The volume of EOS currency traded in the last 24 hours before the publication of this piece was $928.8310M or 0.64% of the total volume of all cryptocurrencies. The exchange rate has ranged between $3.0218 and $4.1681 in the last 7 days.

In the givenEOS is still below 86.02% of its $22.98 peak on April 29, 2018.

Meanwhile, other cryptocurrencies
Cryptocurrency Bitcoin last traded at $49,380.8, according to the Investing.com index, down 14.04% duringof the day.

Etherium was trading at $3,947.42 , according to the Investing.com index, a drop of 11.30%.

Bitcoin's market capitalization is $947.3534B or 42.24% of total cryptocurrency capitalization, while Etherium's market capitalization is $477.4139B or 21.29% of total cryptocurrency capitalizationа.Since the creation of the first cryptocurrency, the amount of value transferred through its blockchain has reached $8.89 trillion, according to a November ForkLog analyst report.

In this figure The total value of "profitable coins" was $5.1 trillion and that of "unprofitable coins" was $3.79 trillion.

In November, the number of addresses with a non-zero balance set a record at 39.21 million.The maximum was reached in April - 38.7 mln.

The growth of the indicator may indicate an increase in the number of retail cryptocurrency users and overall onchain activity.

Offerings bitcoin on centralized exchanges has fallen to July 2018 levels. Apparently, many market participants are opting for safer non-custodial wallets,The Group is focused on long-term investment horizons.

Recall that since the beginning of 2021, the bitcoin network has processed a larger volume of transactions in U.S. dollars than the PayPal payment system.Cryptocurrency Cardano traded at $1.4369 at 22:51 (19:51 GMT) on Saturday, according to the Investing.com index, down 10.06% on the day. It was the cryptocurrency's biggest drop in value since October 27.

The drop also triggered a decline in market kCardano capitalization to $47.9444B, or 2.07% of the total capitalization of all cryptocurrencies. Whereas earlier at its peaks, Cardano's capitalization was $94.8001B.

Over the past 24 hours, Cardano has traded between $1.1972 and $1.5570.

Over the past 7 days, Cardano cryptocurrency has feltCardano currency has fallen by 8.51%. The volume of Cardano currency traded in the last 24 hours prior to the publication of this piece was $4.2702B or 2.00% of the total volume of all cryptocurrencies. The rate has ranged between $1.1972 and $1.7565 in the last 7 days.

Cardano is currently still below 53.63% of its $3.10 peak on September 2.

Meanwhile, other cryptocurrencies
Cryptocurrency Bitcoin last traded at $49,305.7, according to the Investing.com index, falling 8.50% in thethe day's work.

Etherium was trading at $4,113.90 , down 2.79%, according to the Investing.com index.

Bitcoin's market capitalization is $932.8758B or 40.28% of total cryptocurrency capitalization, while Etherium's market capitalization is $488.1129B or 21.08% of total cryptocurrency capitalizationа.Cryptocurrency Lightcoin traded at $164,500 at 23:27 (20:27 GMT) on Saturday, according to the Investing.com index, down 13.15% on the day. It was the cryptocurrency's biggest drop in value since September 7.

The drop also triggered a decline in market capLightCoin's capitalization rose to $11,370B, or 0.49% of the total capitalization of all cryptocurrencies. While previously at its peaks, LightCoin's capitalization was $25.609B.

Over the past 24 hours, Lightcoin has been trading between $130,300 and $189,200.

Over the past 7 days, cryptocurrency Lightoin felt a drop in the rate to the extent of lost 16.68%. The volume of Lightcoin currency traded in the last 24 hours prior to the publication of this piece was $3.737B or 1.78% of the total volume of all cryptocurrencies. The exchange rate has ranged between $130,3000 and $218,9000 in the last 7 daysher.

Right now, Lightcoin is still below 60.83% of its peak of $420.00, which was reached on December 12, 2017.

Meanwhile, other cryptocurrencies
Cryptocurrency Bitcoin last traded at $49,462.2, according to the Investing.com index, falling 7.59% for the day.

Etherium was trading at $4.122.25 , down 2.09%, according to the Investing.com index.

Bitcoin's market capitalization is $934.003B or 40.24% of total cryptocurrency capitalization, while Etherium's market capitalization is $488.262B or 21.04% of total crypto market capitalization.The price of digital gold momentarily fell to the level of $42,000, Vladimir Putin reminded about the risks of cryptocurrencies, but noted the experience of other countries in this area, Jack Dorsey resigned as head of Twitter and other events of the past week.

Bitcoin price momentarily fell to the level of $42,000
On Saturday, December 4, quotations of the first cryptocurrency fell to the level of $42,000 in a moment. The decline was accompanied by a massiveliquidation on the futures market - $1.3 billion on long positions.

At the moment of writing digital gold is trading near $47,900.

Bitcoin has pulled the rest of the market with it. According to CoinGecko, almost all digital assets from the top 10 by capitalization closed the week in the red. The exception was Terra's native blockchain token, LUNA. Its price rose by almost 60% over the week.

Decrease in exchange ratesbitcoin came on the back of news about China's largest real estate developer Evergrande. The media reported that its founder was summoned to the government because of a warning about the lack of "guaranteed" funds to meet financial obligations.

Analysts at Galaxy Digital Research cited general nervousness over the discovery of a new strain of COVID-19, dubbedand Fed Chairman Jerome Powell's statement about the option of accelerating the pace of bond purchases reduction.

Earlier, billionaire investor Louis Navelier allowed bitcoin to fall to $10,000. According to him, the chart of the first cryptocurrency strengthens the signal of the formation of "double-top", the realization of which may come as the Fed normalizes monetary policy.

By dAccording to CoinCodex service, during the week the most valuable of digital assets was the native utility-token of RMRK protocol. Its price grew by 63%, and its capitalization reached $500 million.

DeFi-protocol token SafeMoon fell in price more than others. The price of SAFEMOON fell by 56%, its capitalization reached $819 million.

The total capitalization of the cryptocurrency market amounted to $2.38 trillion. Bitcoin dominance index fell to 38,4%.
#

Press ESC to close