The price of Bitcoin dropped to a minimum of more than a year


According to the trading data on Monday, bitcoin on some exchanges lost more than 6%. Its value dropped to a minimum level in more than a year, reaching $5,300 per bitcoin. According to CoinMarketCap, during trading, there was an even greater decline in other cryptocurrencies. So, Ripple fell by 7.09%, Etherium - by 11.31%. The service also reported that the capitalization of the cryptocurrency market at that time amounted to 173 billion 400 million dollars, 53.5% of which falls to the share of Bitcoin. According to experts, the decline in the price of cryptocurrency is due to the weakening demand for the products of chip manufacturers, equipment for chips and video cards used for cryptocurrency mining.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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