Bitcoin falls after reaching a historic high
Kyiv • UNN
After reaching a new all-time high of $73,803, bitcoin fell 7.72% to $67,320 in less than a day, while most major cryptocurrencies also lost value.
After setting a new record, bitcoin fell to around $67,320 in less than a day. This is evidenced by CoinMarketCap data, UNN reports.
Details
In one day, the asset lost 7.72% of its value. It is important to note that bitcoin's decline followed a new all-time high of $73,803, which was set for the fourth day in a row.
Most cryptocurrencies with the largest capitalization have lost value. Ethereum has lost 7.36% over the past day and is trading at around $3,679. The biggest loss over the past 24 hours was recorded by Dogecoin, which lost 11.59%. Only Solana, on the other hand, has shown growth. Over the day, the asset grew by 4.46% to $174.
The reason for the decline in cryptocurrencies is the release of data from the US Bureau of Labor Statistics on Thursday, March 14.
Recall
Gold and bitcoin are viewed by investors as safe-haven assets in turbulent times, with gold being a stable asset and bitcoin considered a digital equivalent, although they have different underlying factors that determine their prices.