Bitcoin (BTC) and cryptocurrencies retreat this Wednesday in another day of uncertainty

Wednesday (14) is not good for Bitcoin (BTC) and for the main cryptocurrencies in the market, according to CoinMarketCap.

The BTC is trading at $32,364 after falling 2.70% in the last 24 hours. At dawn, the cryptocurrency reached US$ 31,700, the lowest price of the month.

In the week, Bitcoin accumulates losses of 6.31%. In real, the BTC is quoted at R$ 168,000 on the main exchanges, according to the Price Index of the Bitcoin Portal.

The currency has not yet recovered from the slump generated by China’s increased repression against the sector. Since its historic high of $64,000 in April, Bitcoin has lost 50% of its value.

Ethereum in red
The altcoin situation is similar. The Ethereum (ETH), the second largest in capitalization, is worth US$ 1,949 this Wednesday, a value 3.75% lower than that seen on Tuesday morning (13).

In the seven days accumulated, the Ether scenario is even more ‘cruel’ than in the case of the BTC. The currency lost 18% of its value, the biggest weekly tumble among the top five cryptocurrencies on the market.

In real, according to the Bitcoin Price Index, ETH is found for R$ 10,095 in Brazilian brokers.

The Binance Coin (BNB), which in May nearly touched US$700, is quoted at US$305 this morning. The currency has devalued 2.63% in the last 24 hours.

Dogecoin (DOGE), a dog-meme-based cryptocurrency, trades at $0.19 after falling 3.30% over the same period.

Cardano (ADA), XRP and Polkadot (DOT) also operate in sharp decline this Wednesday.

ADA – US$1.25 (-4%)
XRP – US$ 0.60 (-3.85%)
DOT – US$ 13.68 (-7.22%)

News Source