Bitcoin price plummets below $ 50,000

Bitcoin price plummeted below 50 thousand dollars. This is evidenced by data from Coindesk.

According to the exchange, at 8:14 Moscow time, the cryptocurrency rate was about $ 49,275.

On February 21, the value of bitcoin again renewed its historical record – then the price rose to 58 thousand dollars. After that, the exchange rate collapsed and continued to decline gradually.

Earlier, the head of Tesla and SpaceX, Elon Musk, said that the prices of bitcoin and ethereum cryptocurrencies are at an inflated level. Musk stressed that cryptocurrency, like regular money, is a set of data that avoids the inconvenience of barter exchange. He added that like any data system, cryptocurrency is prone to late responses and errors.

/Media reports.