- The price fell under $ 25k, the $ 24900 low was met as the day started.
- The market cap also hit $ 479.29B with a volume to be $ 45 B.
The bear trend in the crypto market seems to be never-ending as of now. The previous week started with the green candle entry after the 10-week red march but that did not last long. The present week has already attained an 18-month low for BTC, the price touched support at $24900.
Last week’s trend changed on the second day itself and the weekend was hit by great US inflation. The current inflation rate is 8.58 % which is the highest since 1981, which was around 10.32%. The Consumer Price Index (CPI) has also skyrocketed, in 1981 it was 91.900 as of now it is 292.296.
The market capitalization has also decreased below $500 billion as of today, it touched $479.27B at 8.40 AM IST. At press time, the market cap is $488 B and the price is $25606.51. That is comparatively 6.59% low from the past 24hrs. The volume in the last 24 hrs is $45 billion.
In the mid of May, Robert Kiyosaki stated that he is waiting for the crash of BTC below $17K to $11K, to back it up. But today’s crash didn’t seem to have impressed him. The response to the current crash was a mockery tweet, to invest in food.
Best INVESTMENT: Cans of Tuna Fish. Inflation about to take off. Best investments are cans of tuna & baked beans. You can’t eat gold, silver, or Bitcoin. You can eat cans of tuna and baked beans. Food most important. Starvation next problem. Invest in the solution. Take care.
— therealkiyosaki (@theRealKiyosaki) June 13, 2022