Bitcoin Drops to $89,900 in Thursday Trading Session

© ООО Региональные новости

Bitcoin (XBT/USD) saw its price drop on Thursday, trading at $89,900 per 1 BTC.

Ether (ETH/USD) is currently valued at $3,000.

Ripple (XRP/USD) is trading at $2.

The total market capitalization exceeds $3.5 trillion.

Bitcoin holds the top spot with a market share of around 60-70%.

Leaders in terms of trading volume and market capitalization include:

- Bitcoin,

- Ethereum,

- USDT,

- Solana, BNB Chain, Dogecoin.

It is important to note that cryptocurrency pricing is driven by the interplay of supply and demand on exchanges, where prices are formed through buy and sell orders. Key factors include limited supply, liquidity, technological updates, news, regulations (laws/bans), mining costs, market sentiment, and speculation, leading to high volatility due to decentralization and the absence of a single regulator.

This overview was presented by Alexei Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the "Higher School of Management" Faculty at the Financial University under the Government of the Russian Federation.