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The price of the first cryptocurrency fell below $ 29 thousand, failing to gain a foothold at $ 30 thousand.
The bitcoin rate for the day fell by 4.5%, at the moment dropping to $ 28.6 thousand The cryptocurrency continues to be traded in a narrow range from $ 31 thousand to $ 28 thousand The capitalization of the asset fell to $ 551 billion, according to CoinGecko.
Following bitcoin, altcoins also fell in price. The price of Ethereum fell by 6.2%, dropping to $ 1.9 thousand The cost of Binance Coin fell by 4%, to $ 316. The total market capitalization over the past 24 hours decreased by 5%, to $ 1.2 trillion.
Bitcoin is trading well below the all-time high of $69,000 the cryptocurrency reached peak values in November 2021. Since then, it has fallen in price by 58%.
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