Bitcoin Price Update: Analyzing the $32,817 Dip and Investor Concerns

Bitcoin price dropped to $32,817, a decline of 12% to $37,305 from the previous month and 16% a day ago.

Bitcoin is the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network.  Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto, Bitcoin is the largest cryptocurrency measured by market capitalization and the amount of data stored on its blockchain.

Currently, it has a market cap of $616.6 billion and a volume of $46 billion.

Similarly, other leading cryptocurrencies such as Ethereum and Cardano also witnessed a decline of 19.8% and 14.09% in 24 hours period.