Over the past month and a half, the main cryptocurrency has fallen in price by almost 60%.
Bitcoin crashed to $29,900 this morning before rebounding above $30,000. But the situation confirms the fears of experts who argue that the fall will continue.
Such a sharp and long depreciation has not been seen for a very long time. Back in early April, bitcoin was worth about $48,000, and over the past month and a half, the main cryptocurrency has collapsed in price by almost 60%.
In the last week alone, the cost of bitcoin has decreased by 20% (over the past 24 hours, the decrease was almost 8%). As a result, the market capitalization of this cryptocurrency has decreased to $590 billion.
Ether is down over 18% in a week to $2,316, Solana is down 26% in a week to $65.2, Caradano is down over 20% to $0.6287.
Recall that just the day before yesterday, Bitcoin was worth $34,274.
