The price of bitcoin has reached 20-day lows.
The fall of bitcoin began March 7, when the price of a crypto currency number one in less than an hour fell nearly a thousand dollars. This happened in the Wake of rumors about the hacking of the largest cryptocurrency exchanges Binance. Despite the fact that the exchange was able to successfully cope with the incident without the loss of users, the price and could not recover to previous levels, and on March 8, the decline continued.
On the morning of 9 March in five hours, the price dropped another thousand dollars from 9500 USD to 8520 USD. After that, the price rebounded slightly and currently bitcoin is trading at 8741 US dollars.
At the same time, according to CoinMarketCap, the cryptocurrency market capitalization also recorded a monthly low of 352 billion dollars, a drop of 47% compared to the recent high of $ 518 billion, which was observed on February 18.
Top 20 cryptocurrencies are experiencing a significant decline in trading volume.