Bitcoin sees dramatic six Percent Slide to $22,124

Bitcoin sees dramatic six Percent Slide to $22,124
  • Clock-gray 18:13
  • calendar-gray 21 December 2020

Bitcoin dramatically dropped six percent on Monday to $22,124 according to data provided by Coindesk, APA reports citing Sputnik.

On 16 December, Bitcoin passed the $20,000 threshold for the first time since the currency was created in 2007, as investors were betting on the cryptocurrency's projected immunity to inflation and other perks. 

After breaking through the threshold, it started hitting new highs nearly every day. On 17 December it reached a new record, surpassing $23,000 and then reaching more than $24,000 in the next few days. 

The world's most famous cryptocurrency, however, tanked on Monday, eventually losing 6% before slightly levelling off at $22,296, the latest data at Coindesk has shown. 

Reuters analyst cite concerns over the latest discovered strain of coronavirus in the United Kingdom as a reason for the unrest as wider markets. 

apa-logo-mini

Other news