The cryptocurrency had dropped more than 13% in the previous 24 hours, from $56,294 to $48,309 -- a loss of almost $8,000.
That's a stark contrast from its all-time high of just last month, when Bitcoin reached almost $69,000 on November 9.Ether, the second most popular cyrptocurrency, fell almost 10%.
The drop for bitcoin follows a volatile week for financial markets. Global equities and benchmark U.S. bond yields tumbled on Friday after data showed US job growth slowed in November and the Omicron variant of the coronavirus kept investors on edge. Data from another platform, Coinglass, showed that nearly $1 billion worth of cryptocurrencies had been liquidated over the past 24 hours, with the bulk being on digital exchange Bitfinex.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mandaue City: No COVID cases in 13 out of 27 brgysCDNTopStories: About half of Mandaue City’s total barangays have zero active COVID-19 cases on Friday, December 3, 2021. CDNDigital
Read more »