The main cryptocurrency continued to decline today (July 7). Bitcoin fell to $41012 after falling to $42000, before narrowing its decline to $41786, down nearly 3% from 24 hours ago and a low of more than three months since the end of September last year, according to Coindesk. The etheric currency, which fell more than 8 per cent to as low as $3142, is now at $3232, down 6.2 per cent from 24 hours ago and a low of more than three months since the beginning of October.
The Bitcoin greed index, which measures sentiment among market participants, fell to its lowest level since July last year, reflecting market panic and sometimes seen as a countertrend indicator for traders. The current price of Bitcoin is nearly 40 per cent below its all-time high of about $69000, and the decline is the biggest since July last year, from peak to trough.
Digital assets, blockchain and bitcoin sector concept stocks developed separately, with 01263.HK falling three times in a row and down 3.5 per cent at 12.1yuan in the afternoon, while BC Technology Group (00863.HK) rose 0.2 per cent and 01611.HK rose 1.7 per cent.