Crypto Market Falls, Bitcoin Drops To US$ 24,120.40, Ether Down 2.25% Today

The cryptocurrency market is a highly volatile market, and investors must be cautious before investing. Today, till 6.04 pm UTC, Bitcoin fell by 0.81%, and was quoted at US$ 24,120.40, in the intra day trading. Yesterday, Bitcoin closed at US$ 24,316.30. In the last 5 days, Bitcoin gained by only 0.45%, and in the past 1 month, Bitcoin has been up by around 15.50%.

Other major cryptos also showed the same trend. Ether was quoted at US$ 1,892.42, down by 2.25%. Yesterday, Ether closed at US$ 1,936.05. Litecoin was quoted at US$ 60.41, down by 4.37%, Dogecoin was quoted at US$ 0.0778 down by 4.64%, and Cardano was quoted at US$ 0.5597 down by 1.76% today, till last traded.

Crypto News

Commenting about the Ether, a CoinDesk report mentioned, "An Ethereum whale wallet that participated in the genesis initial coin offering (ICO) and obtained about 150,000 Ether (ETH) in 2014 was activated again on Aug. 14 after three years of dormancy. The whale address transferred 145,000 ETH to multiple wallets as the price of Ether surged to a new three-month high of over $2,000. The transfers were made in batches of 5,000 ETH, with a few transfers of over 10,000 ETH. The total value of the transferred Ether is over $280 million, and the wallet address currently has a balance of 0.107 ETH. The 145,000 ETH transfer was only the second time the whale wallet has been activated since the ICO, the first being in July 2019 when it sent 5,000 ETH to the exchange Bitfinex while Ether was trading at $219, with the transaction valued at just over a million dollars."