During the day, the asset fell by 3%, and its capitalization decreased to $ 870 billion
The price of bitcoin on the Binance crypto exchange dropped to $ 45.8 thousand. During the day, the first cryptocurrency fell by 3%, and its capitalization dropped to $ 870 billion, according to CoinGecko. Over the week, the value of the asset fell by 8%.
On December 4, the rate of the first cryptocurrency fell to $ 42 thousand for the first time since the end of September. Then the price of an asset per day decreased by more than 20%. A sharp drop in quotations provoked a massive liquidation of traders’ positions worth more than $ 2.5 billion.
Last week, trader Ton Weiss admitted that the price of bitcoin, as part of the current correction, is capable of dropping to $ 20 thousand. The analyst also named a condition under which the value of an asset will decrease by more than 70% from the all-time high of $ 69 thousand.