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What Is Bitcoin's Price Right Now?

Published 13/06/2022, 15:41
© Reuters.  What Is Bitcoin's Price Right Now?
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What’s going on with the crypto markets?

The worldwide crypto market capitalization is at $968 billion, a far cry from its all-time high of nearly $3 trillion in November 2021.

Investors are selling off crypto assets amid heightened inflationary pressures, coming on the heels of the historical Luna/Terra crash that wiped out billions in other assets.

Bitcoin (CRYPTO: BTC), the most popular cryptocurrency, is down 13.25% in the last 24 hours and is priced at $23,434.57 Monday morning.

Bitcoin isn’t alone in the massive sell-off; altcoins including Ethereum, Solana, BNB, and Dogecoin are slumping as the week begins.

Let’s take a look.

Ethereum (CRYPTO: ETH)

The popular altcoin used mainly for purchasing NFTs is at its lowest level in more than a year, trading at $1,221.99.

Solana

The “fast, secure, and scalable” coin is down more than 15% in the last 24 hours, trading at $26.87 on Monday morning.

BNB (CRYPTO: BNB)

Binance’s native coin is trading 13.18% lower to $222.40.

Dogecoin (CRYPTO: DOGE)

The ever-popular altcoin is trading 16.19% lower to $0.054

While crypto remains one of the most volatile financial vehicles, MicroStrategy Incorporated (NASDAQ: MSTR) founder and CEO Michael Saylor, who owns more than 129,000 Bitcoins, remains calm, perhaps an indicator to investors that this rut could be a buying opportunity.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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