Bitcoin Drops Below $20,000 First Time Since December 2020 - Trading Data

© AP Photo / Dado RuvicA representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021 - Sputnik International, 1920, 18.06.2022
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MOSCOW (Sputnik) - The price of bitcoin fell 6.98%, dropping below the $20,000 mark for the first time since 16 December 2020, trading data showed on Saturday.
At the largest cryptocurrency exchange Binance, bitcoin was down 6.98% to $19,487 as of 07:00 GMT.
According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, the price of bitcoin decreased by 6.50% to $19,554.
In November 2021, Bitcoin's price reached a historic record of $69,000, and has lost more than 40% of value since then.
Launched in 2009, Bitcoin is the world’s first decentralized cryptocurrency, a type of digital asset that uses public-key cryptography to record, sign and send transactions over a special technology - the Bitcoin blockchain.
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