Bitcoin Drops Below USD 20,000

3d rendering cryptocurrency price collapse crisis
Bitcoin Drops Below USD 20000
Source: AdobeStock / Farknot Architect

 

The primary cryptoasset per market capitalization, bitcoin (BTC), took one other dip under USD 20,000 at this time.

At 15:00 UTC on Sunday, BTC was buying and selling at USD 19,888. Prior to this slight restoration, it had dipped to USD 19,858.

Bitcoin Drops Below USD 20000
BTC 7-day value chart. Source: coingecko.com

At the time of writing, it’s down 1% in a day and 6% in every week. Overall, the value dropped 16% over the previous month and 60% over the previous yr.

Compared to its all-time excessive of USD 69,044 recorded in November final yr, BTC is down 71%, in keeping with CoinGecko.

Bitcoin had visited the USD 19,000 degree a number of occasions this yr: first in June, then once more in July. It had saved above that degree since mid-July nevertheless, touching it as soon as once more at this time.

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Compiled by Coinbold

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