The price of Tether fell to 2,926 Tomans as Bitcoin touched the bottom of $62,000. The crypto market panicked.
The cryptocurrency market was still under heavy selling pressure in Sunday's trading, and the drop in Bitcoin's price spread to most major currencies as well. Bitcoin was down 4.08% on the day to $64,986, and among altcoins, Solna down 3.30%, Dogecoin down 4.35% and Ripple down 2.28% were among the cryptocurrencies under market pressure. Ethereum, Binancecoin, Cardano, Bitcoin Cash and Sheba also followed their trading with negative returns.
In the local market, contrary to Saturday, Tether fell in price and reached a rate of 268 thousand 410 tomans at 18:30. This stable coin decreased by 2,926 tomans in a 24-hour period and ranged from a floor of 267,500 tomans to a ceiling of 272,000 tomans. Thus, the drop in the price of Tether, alongside the drop in Bitcoin, showed that the selling pressure in the local and global market continued.
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