With a week left before Bitcoin's long-awaited halving event, the top coin's price is down—down bad.
Right now, it's priced below $67,000 per coin, according to CoinGecko, dipping as low as $65,981 late Friday.
Like last weekend, it has finished well below its March all-time high of nearly $74,000, dropping nearly 2% over seven days.
During the week, the virtual coin was closing in on $72,000 but lost those gains by yesterday when it lost 5% within the day.
Ethereum has also struggled to do well over the week. The second biggest coin is down over 3% and is now priced at $3,226.
Bitcoin, Ethereum, Solana Sink as Over $200 Million in Crypto Longs Liquidated
Top cryptocurrencies—including Bitcoin and Ethereum—are down bad as $200 million in long positions have been liquidated. The price of Bitcoin now stands at just under $68,008 per coin, according to CoinGecko. That's a drop of over 3% in 24 hours—and a fair drop from its March all-time high price of $73,737. Meanwhile, Ethereum's price has taken a bigger 24-hour hit of 5%; the coin is now trading hands for $3,413. Faring worse are Solana, the fifth biggest cryptocurrency, which has nosedived by...
Most top coins and tokens have suffered over the week, with Solana being one of the biggest losers: it has now dropped to $142.62, having plunged by 13% over seven days.
The coin's network has struggled with congestion issues for some time now, which could well be contributing to the asset's downward price pressure.
Decentralized exchange Uniswap's UNI token is also among the least successful tokens. It fell sharply following news that the was in the crosshairs of the Securities and Exchange Commission and is now down 33% over the week, trading hands for $7.40.
Uniswap Labs, the firm behind the platform, said Wednesday that it received a Wells notice from regulators, warning it of impending enforcement action.
Smaller tokens, like Wormhole, have continued to get bruised: the token, one week after its airdrop, is down by 46%. It's now priced at $0.59.
If the Bitcoin Halving Is Super Bullish, Why Does BTC Crash Shortly After?
The Bitcoin Halving is just days away! Count down with Decrypt. Bitcoin, the world's most prominent cryptocurrency, has garnered significant attention due to its extreme price volatility, presenting both substantial risks and potential rewards for investors. But two things are certain in the world of crypto: Halvings are bullish, and crypto winters follow halvings. To better understand these terms, in the Bitcoin ecosystem the "halving," is a pre-programmed occurrence that reduces the rate at wh...
Digital assets that have done well include Toncoin, which nearly flipped Dogecoin this week: it's now priced at $6.44, having risen by nearly 20% in seven days. News of a potential IPO for Telegram has contributed to the coin's surge.
Edited by Ryan Ozawa.
