While bitcoin continues to gradually lose value, AVAX’s impressive performance as of late saw another 9% increase.

Bitcoin’s adverse price movements continued in the past 24 hours, and the asset fell to a two-week low of $45,500. Most altcoins also suffered, with the apparent exception of Avalanche, which has soared by nearly 10% on a daily scale.

Bitcoin’s 14-Day Low

It was just two days ago when the US Federal Reserve said it will leave the interest rates unchanged, which caused a substantial price surge for bitcoin.
The cryptocurrency traded at $46,500 and skyrocketed to $49,500 in just minutes. As the community raised hopes that BTC will finally be able to overcome its $50,000 nemesis decisively, the bears came back to play.
Bitcoin began to gradually lose value, as reported yesterday, but the landscape only worsened in the following hours. This time, the asset fell to $45,500 – the lowest price tag since the massive December 4th crash.
Despite recovering around a thousand dollars since then, BTC is still slightly in the red, and its market capitalization is well below $900 billion.

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How Crypto Currencies Gain Value

Writing a Whitepaper for your ICO in 2018

The Destruction of Financial Privacy — PriFi & Navcoin to The Rescue

A dumb way to test a smart contract

Balancer Bites: Balancer concepts explained in a digestible way

Time to earn money!

EmploymenCoin ( EC2) Will be Available on TarmEX on January 22, 2021, at 10:00 A.M UTC

How to launch IDOs on Multiple Platforms — Polkastarter, Duckdao, BscPad, BscStarter, Poolz…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tarmex.io

Tarmex.io

More from Medium

APR Reset #17: What To Expect

Kucoin Now Supports (V3) POLX

How to join the TIP-WBNB LP Staking Pool — Sugar Bounce

Oracula is proud to announce that we have partnered with Rigel Protocol, a Blockchain DeFi protocol…