Bitcoin price drops below $71,000

A decline has mostly been recorded in the prices of major assets on the cryptocurrency market over the past 24 hours, citing CoinMarketCap.

The price of Bitcoin has decreased by 2.98% over the past day and is trading at $70,612.

The market’s second-largest cryptocurrency, Ethereum, fell by 2.92% to $2,073.

The price of BNB decreased by 1.62% over the past 24 hours, reaching $645.

Among other major assets, the price of Bitcoin Cash declined by 1.02% to $458.81, Monero dropped by 0.76% to $361.42, and Zcash fell by 4.32% to $227.41.

Meanwhile, the price of the Bittensor (TAO) token increased by 1.10%, contrary to the market trend, rising to $189.05.

The overall market dynamics indicate a weakening of investors’ risk appetite. However, the continuation of weekly gains in some assets suggests that selective demand still remains in the market.