Last night, the Bitcoin rate began to gradually decline from 57 thousand dollars. As of 4:00, Bitcoin was worth about $ 53,000, but then there was a dramatic crash to $ 45,000.
Over the course of the day, the drop was almost 18%, over the week the rate dropped by 15%. The market capitalization of the cryptocurrency has dropped to $ 879 billion, although not long ago it was $ 1.3 trillion.
Another popular cryptocurrency, Ethereum, now costs about $ 3.7 thousand, while the cryptocurrency rate has decreased by 18% per day and by 10% per week. Ethereum has a market cap of $ 441 billion.
Bitcoin pulled other cryptocurrencies along with it. The Dogecoin cryptocurrency backed by Elon Musk has fallen in price by 26% in a day and by 25% in a week, the Shiba Inu rate has decreased by 20%.
As a reminder, only yesterday a forecast was published that bitcoin rate may increase to 100 thousand dollars in the near future.
Updated: Bitcoin has won back some positions and is trading around $ 47K.