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Bitcoin price: Slide brings its loss since record high to more than 30%
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Bitcoin price tumbled below a closely watched price level as the slide in the largest cryptocurrency from its all-time high extended into a fifth week.
The digital asset dropped as much as 8.4% to $45,773 on Monday in New York trading. The decline pushed it below its average price over the last 200 days, which currently stands around $46,720.
The Bloomberg Galaxy Crypto Index slumped as much as 7.4% to its lowest since early October, while popular DeFi tokens such as Solana, Cardano and Polkadot fell even more.
“The idea that as it matured, the volatility would ease has not really materialized," said Marc Chandler, chief market strategist at Bannockburn Global Forex. “The volatility is deadly and its other supposed attributes, like a
Read more on livemint.comAbout this in other media
Bitcoin climbs back above $49,000 in biggest jump since November livemint.com /3 years ago
The Giving Block launches crypto donation service for high-net worth individuals cointelegraph.com /3 years ago
Bitcoin on pace for fourth consecutive weekly drop from record economictimes.indiatimes.com /3 years ago
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