The cryptocurrency's market cap fell

further on Wednesday as the price of 

Bitcoin and several other cryptocurrencies hit new lows. 

The market cap of the global cryptocurrency market is currently

$1.38 trillion, a decrease of 6.44%

in the last 24 hours. Bitcoin price fell again below $31,000. 

At the time of writing this report,

Bitcoin is valued at $30,621, down 5% from the last 24 hours.