Bitcoin fell again on Friday (7). The global cryptocurrency market went back into the red in the face of recent concerns about inflation and global conflicts.
New developments and a possible resumption of interest rate hikes in the month of October, led investors to withdraw funds from the main cryptocurrencies in the market. In addition, the recent attack on the Binance network has increased the sense of insecurity, especially for smaller investors.
The price of Bitcoin fell back below $19,000, losing the support level . According to CoinGecko, the drop in the last 24 hours was 0.9%. In Brazil, the price of BTC was around R$104,340.
The price of Ethereum also fell by 0.5% in the last few hours. According to CoinGecko, the price of ETH was at R$7,069.
Meanwhile, the trading price of Stablecoin was at R$5.22, slightly above the price of the commercial dollar.
Major cryptocurrencies priced today
The market drop was reflected in the other altcoins, which suffered losses. According to CoinGecko, the XRP, Cardano (ADA) and Polkadot (DOT) coins suffered losses of around 1% each. Meanwhile, the Solana (SOL) coin lost 1.5% in profits.
The meme coin Dogecoin (DOGE) even fell 2.5% a few hours after Elon Musk’s confirmation of Twitter’s purchase stirred the market.
Among DeFi coins and gaming tokens the drop was less than 1%.
The value of the global cryptocurrency market was trading at $958.92 billion, falling more than one percent in the past 24 hours. However, total trading volume fell more than 7 percent to $55.56 billion.