During the day, bitcoin fell by 18%, the cost of the cryptocurrency fell from $ 57,482 to $ 42,874. By 13:00 on December 4, it is trading at around $ 47,000, according to the data of the Binance crypto exchange.
The market capitalization of the cryptocurrency fell to $ 879 billion. In addition, the Ethereum cryptocurrency fell by 15% – from $ 4124 to $ 3897.
The last time Bitcoin fell to $ 42,000 was recorded at the end of September. The rate fell from $ 45,080 at its peak to $ 42,214 amid the announcement by the People’s Bank of China that operations with cryptocurrency are illegal, according to CoinMarketCap data. At the same time, the second largest cryptocurrency by capitalization, Etherium, fell in price. Its rate fell more – by 6.88% to $ 2.902.
On November 10, the value of bitcoin for the first time in history reached $ 69,000; a few days before that, it repeatedly updated all-time highs. Previously, the cryptocurrency peaked in value on April 14 – $ 64,882.
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