Coinbry

  • Market Cap: $2,480,859,759,776.79
  • 24h Vol: $140,569,667,481.24
  • BTC Dominance: 51.77%
Bitcoin price briefly drops below $26K, hitting lowest point in two months

Bitcoin price briefly drops below $26K, hitting lowest point in two months

The price of Bitcoin experienced a significant drop of around 8% in just 10 minutes on August 17, reaching levels not seen since June 20. BTC fell to a low of $25,409 before partially recovering. Initial reactions suggest that the price drop may be attributed to reports of SpaceX selling its acquired BTC and China’s Evergrande Group filing for bankruptcy. This decline has brought Bitcoin’s market cap below $500 billion for the first time since June 16. Despite the dip, Bitcoin is still up 60% since the beginning of 2023.

Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.