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Bitcoin fell 6 thousand dollars
The total market capitalization value of the bitcoin cryptocurrency fell below the $ 1 trillion milestone.
The most popular cryptocurrency bitcoin is falling rapidly after a record high last week. This is evidenced by CoinDesk data on Monday, February 22.
So, at 15:15 Kiev time, the cryptocurrency at its peak fell 8.62% and reached a price of $ 52,461.
The total value of the market capitalization of bitcoin dropped to 973.82 billion, the drop per day was 67.42 billion dollars. Bitcoin’s share occupies more than 70% of the entire global cryptocurrency market.
Photo: screenshot
Remember that last weekend, the cost of bitcoin increased to a record $ 58,354, and its weekly growth was around 20%. Since the beginning of the year, this cryptocurrency has risen in price by almost 100% and its market capitalization has exceeded one trillion dollars.
According to analysts, the price of bitcoin rose amid an active influx of institutional investors to cryptocurrencies. Their appetite for such risky assets is backed by massive injections from the US Federal Reserve and other countries’ central banks, as well as growing expectations that the coronavirus pandemic will be brought under control thanks to vaccines.
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