Litecoin

Bitcoin

Drops

Coin

<ul class="wp-block-list news-points">
 <li>Bitcoin has retained the $56,000 price level and is down 4% in the past week.</li>
 <li>Litecoin (LTC) was up 1% while DOT was down 0.17%.&nbsp;</li>
 <li>FET was down 4.8% but the altcoin is up 328.62% since September 2023.</li>
</ul>
Bitcoin (BTC), the world’s leading cryptocurrency, has fallen to the $56,000 price level amid growing bearish pressure in the digital asset market. Altcoins have also experienced significant declines, resulting in millions of dollars in losses for the cryptocurrency sector.
<h2 class="wp-block-heading" id="h-bitcoin-and-altcoin-price-analysis">Bitcoin and Altcoin Price Analysis</h2>
According to the <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">data</a> from CoinMarketCap, at the time of writing, Bitcoin is trading at $56,523.81, down 1% in the past 24 hours. The market leader is down 3.94% in the past week and 1.16% in the past 30 days.
However, BTC has been up 119.63% since September 2023 albeit remaining 23.31% below its all-time high of $73,750. Additionally, the Bitcoin market cap currently stands at $1.113 trillion, a 56.2% market dominance.
Litecoin (LTC) is down 1.27% in the past 24 hours and is trading at $65.97 at the time of publication. Currently ranked the 18th-largest crypto by market cap, LTC’s trading volume stands at $413 million while its market cap is $4.9 …
The post <a href="https://coinedition.com/bitcoin-price-drops-to-56k-altcoins-follow-market-update/" rel="noopener noreferrer nofollow">Bitcoin Price Drops To $56K, Altcoins Follow: Market Update</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Price Drops To $56K, Altcoins Follow: Market Update

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