Bitcoin (BTC) and the main cryptocurrencies in the market, such as Ethereum (ETH) and XRP, operate in the red this Thursday morning (1st).

In the last 24 hours, the BTC has dropped from $34,636 to $33,221, according to the CoinDesk Index. The daily variation was 4% negative.

In real, according to the Bitcoin Price Index, the digital asset is traded at R$166 thousand on the main exchanges in Brazil.

In June, the main cryptocurrency on the market lost 9% of its value. In the last three months, the BTC accumulated a devaluation of 40.5%. It was the worst quarter in history since 2018.

The market has been facing instability due to a FUD caused by China. In short, the Asian country increased its repression against miners and cryptocurrencies.

Speeches by Tesla CEO Elon Musk linking the cryptocurrency to environmental problems also influenced prices.

ETH and altcoins

Like the BTC, the other cryptocurrencies also dawned in the red this Thursday.

ETH dropped 1.27% to $2,106. In real, according to the Bitcoin Portal Index, the digital asset is traded at R$10,160.

Dogecoin (DOGE), a dog-meme-based digital asset, registered a slight drop of 0.92% and is quoted at US$0.24 today.

Cardano (ADA) and XRP fell 2.40% and 3%, respectively. ADA is worth $1.31 and XRP is about $0.65.

Binance Coin (BNB), Polkadot (DOT) and Uniswap (UNI), which close the list of the top 10 cryptocurrencies in the market, also operate in decline.

BNB – US$ 285 (-2.58%)
DOT – US$ 15.27 (-2.53%)
UNI – US$ 17.83 (-0.70%)

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