The price of Bitcoin fell by almost $ 10,000 within an hour and even reached a level of $ 42,000 per currency, before climbing slightly to a level of $ 47,000 – a decrease of over 16% within a day • Etherium is now trading at a level of $ 3,800 per currency
The crypto market has experienced sharp declines in the last few hours (Sat). The price of Bitcoin fell by almost $ 10,000 within an hour and even reached the level of $ 42,000 for the currency, before climbing slightly to the level of $ 47,000. However, this is still a drop of over 16% per day.
And Bitcoin is not alone, it is a horizontal trend in the market. Etherium is currently trading at $ 3,800 per currency – the same decline in value as Bitcoin. Some cryptocurrencies have even fallen more than 20% in the last 24 hours.
There are also those who are in a hurry to take advantage of the sharp declines. El Salvadoran president Naive Bukla, whose country holds Bitcoin in balance and bought coins during previous falls, announced another purchase of 150 coins when the exchange rate stood at about $ 48,700 per coin.
El Salvador just bought the dip! 🇸🇻
150 coins at an average USD price of ~$48,670 🥳#Bitcoin🎄
— Nayib Bukele 🇸🇻 (@nayibbukele) December 4, 2021