Based on the latest Web Search Results, I could not find any information about Bitcoin dropping $1100. However, it’s worth noting that the value of Bitcoin and other cryptocurrencies can be highly volatile and subject to frequent fluctuations. As mentioned in the previous search results, the value of Bitcoin has fallen significantly in recent weeks due to macroeconomic pressures and layoffs in the crypto industry.
It’s important to keep in mind that investing in cryptocurrencies comes with risks and it’s crucial to do your research and make informed decisions before investing. It’s also recommended to consult with a financial advisor before making any investments.
Bitcoin it’s now at $22,394.4 losing -3,83%
Based on the Web Search Results you provided, it appears that the current price of Bitcoin is $22,356.90 per (BTC / USD) as of March 3, 2023, with a change of -3.86% over the last 24 hours [1]. Another source reports the current price of Bitcoin as $23,170.26 per (BTC / USD) as of March 2, 2023 [2]. It’s important to note that the value of Bitcoin and other cryptocurrencies can be highly volatile and subject to frequent fluctuations, so the price can change rapidly.
Read also: Bitcoin Price Today: is now at $24,664.4 (+1.41%) and trying to break the $25K resistance level.
The market capitalization of Bitcoin is $431.65B USD as of March 3, 2023, and Bitcoin is a decentralized cryptocurrency that uses public-key cryptography to record, sign, and send transactions over its blockchain [1].
References:
[1] Bitcoin Price | BTC Price Index and Live Chart – CoinDesk [2] Bitcoin (BTC) Price, Charts, and News | Coinbase [3] Bitcoin Price | BTC Price Index, Live Chart and USD ConverterYes, it’s true that Wall Street sent stocks higher as Treasury yields and the dollar eased.
This happened on March 2, 2023, with the Dow Jones Industrial Average (^DJI) rising 1.1%, the S&P 500 (^GSPC) rising 1.2%, and the Nasdaq Composite (^IXIC) rising 1.5% [1]. The rise in stocks came after a period of volatility and uncertainty in the markets, with concerns about inflation and interest rates weighing on investor sentiment.
The easing of Treasury yields and the dollar provided some relief to investors, boosting confidence and leading to gains in the stock market. It’s important to keep in mind that the stock market can be highly unpredictable and subject to frequent fluctuations, so it’s important for investors to stay informed and make informed decisions based on their own risk tolerance and investment goals.
[1] Source: https://www.reuters.com/business/wall-st-turns-positive-after-early-losses-2023-03-02/Bitcoin and Ether both experienced a sharp drop of over 5% due bank Silvergate
Bitcoin and Ether both experienced a sharp drop of over 5% due to a massive sell-off as customers fled crypto bank Silvergate, whose stock tumbled 58% during U.S. trading [1]. The drop in Bitcoin’s price was to $22,020, and Ethereum fell to $1,550, but both appeared to recover slightly afterward.
The drop in the cryptocurrency market was attributed to jumpy institutions amid issues at Silvergate, as well as the release of some of Mt. Gox’s Bitcoin. It’s worth noting that the value of Bitcoin and other cryptocurrencies can be highly volatile and subject to frequent fluctuations, so the price can change rapidly [1, 2].
References:
[1] Bitcoin, Ether Drop Over 5% in Massive Sell-Off as Market … [2] Bitcoin Sinks to Two-Week Low as Silvergate Fallout Hurts … [3] CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
