The collapse of the most popular cryptocurrency in the world – bitcoin – led to a decrease in the capitalization of the crypto market by $ 100 billion. This is reported by CNBC with reference to Coindesk data.
The cost of bitcoin falls for the second day in a row and has already dropped below 33 thousand dollars per coin, having lost 10 percent in 48 hours. At the time of this writing, bitcoin cost about $ 32.5 thousand. The second most popular cryptocurrency on the planet, Ethereum, has also lost about 10 percent over the past two days. Its cost was about 1.3 thousand dollars.
“The total cryptocurrency market capitalization has declined by more than $ 100 billion in the last 48 hours, dropping from $ 1.06 trillion to $ 949 billion,” writes CNBC. Despite the fall, bitcoin’s price is still 150 percent higher than it was three months ago.
In January 2021, the bitcoin rate set a historic record and for the first time rose above the $ 41 thousand mark, having increased almost six times compared to the beginning of the year. After that, the value of the cryptocurrency showed strong volatility, falling to almost 30 thousand in less than a week and again growing to almost 40 thousand.
Earlier it was reported that $ 140 billion worth of bitcoins were stuck in blocked e-wallets, the owners of which have forgotten their passwords. In total, about 20 percent of all bitcoins in the world were frozen.