Reporter | Si LinweiOn June 14th, the latest market data showed that the price of Bitcoin briefly fell below $21000, reaching a minimum of $20846, the lowest point since December 16, 2020.As its price declines, the market value of Bitcoin has also shrunk to around $400 billion, and the cryptocurrency market has officially fallen below the $1 trillion mark
Reporter | Si Linwei
On June 14th, the latest market data showed that the price of Bitcoin briefly fell below $21000, reaching a minimum of $20846, the lowest point since December 16, 2020.
As its price declines, the market value of Bitcoin has also shrunk to around $400 billion, and the cryptocurrency market has officially fallen below the $1 trillion mark.
According to Wind's global asset performance ranking, Bitcoin has ranked second to last with a 53% decline since 2022.
On the early morning of June 13th, the price of Bitcoin remained at the $28000 level, but it then entered waterfall mode. After falling below the $25000 level for the first time in the afternoon, Bitcoin rebounded slightly and briefly regained its lost ground.
But as the entire cryptocurrency market plummeted, Bitcoin was unable to turn the tide and instead approached the $20000 level. As of the time of publication, Bitcoin prices remained around $21000, dropping by over $7000 in 24 hours.
Due to the significant drop in Bitcoin prices, some listed companies heavily invested in Bitcoin have started to experience significant book losses, with MicroStrategy, a listed company that has invested over 120000 Bitcoins, experiencing a book loss of over $800 million.
The value of Tesla's Bitcoin holdings has also shrunk to 906 million, dropping by over $200 million in 24 hours.
It is worth noting that the Central American country El Salvador previously positioned Bitcoin as a legal tender. According to public information, as of May 2022, the country held a total of 2301 Bitcoins with an investment amount of over $100 million. However, currently, these Bitcoins are only worth about $48.32 million, with a book loss of over 50%.
As of the deadline for publication, the price of Ethereum, the second largest cryptocurrency, also fell to $1100, a 24-hour decline of 16.69%.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
