The bitcoin exchange rate fell by 10% and fell below $38,000.
On Friday, January 21, the bitcoin rate fell by 10% compared to yesterday, dropping to $37.7 thousand at the moment. As of 15:47 Moscow time, the first cryptocurrency is trading at $38.2 thousand.
The price of bitcoin began to decline sharply on the evening of January 20 after its rate exceeded $43.5 thousand. The cryptocurrency has updated a minimum since August 5, 2021.
Yesterday's decline in the cryptocurrency market could have begun after the decline in the S&P 500 index, which, following the results of the trading session, fell by 1%. Earlier, the analytical company Arcane Research reported that the correlation between the Bitcoin exchange rate and the S&P 500 index reached a record high since October 2020.
The bitcoin exchange rate fell by 10% and fell below $38,000.
On Friday, January 21, the bitcoin rate fell by 10% compared to yesterday, dropping to $37.7 thousand at the moment. As of 15:47 Moscow time, the first cryptocurrency is trading at $38.2 thousand.
The price of bitcoin began to decline sharply on the evening of January 20 after its rate exceeded $43.5 thousand. The cryptocurrency has updated a minimum since August 5, 2021.
Yesterday's decline in the cryptocurrency market could have begun after the decline in the S&P 500 index, which, following the results of the trading session, fell by 1%. Earlier, the analytical company Arcane Research reported that the correlation between the Bitcoin exchange rate and the S&P 500 index reached a record high since October 2020.