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Bitcoin Trading Below $20,000 After 8% Drop

Sputnik International

The price of Bitcoin, the largest cryptocurrency, dropped 8.07% and was trading at $19,970 on the Binance cryptocurrency exchange

2023-03-10T07:18+0000

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According to the CoinMarketCap portal, which calculates the average price across more than 20 exchanges, Bitcoin's value was down by 7.94%, staying below the level of $20,010. Bitcoin has gained 20% of value since late December, when it was trading around $16,500.The currency started at $0 in 2009, broke the one dollar barrier in 2011. About a decade later, Bitcoin would hit an all-time high of $69,000.

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Bitcoin Trading Below $20,000 After 8% Drop

07:18 GMT 10.03.2023

© AP Photo / Kin CheungFILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, on Feb. 17, 2022. Bitcoin slumped to a two-year low, Wednesday, Nov. 9, and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance.

FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, on Feb. 17, 2022. Bitcoin slumped to a two-year low, Wednesday, Nov. 9, and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance. - Sputnik International, 1920, 10.03.2023

MOSCOW (Sputnik) - The price of Bitcoin, the largest cryptocurrency, dropped 8.07% and was trading at $19,970 on the Binance cryptocurrency exchange, trading data showed on Friday.

According to the CoinMarketCap portal, which calculates the average price across more than 20 exchanges, Bitcoin's value was down by 7.94%, staying below the level of $20,010.

Bitcoin has gained 20% of value since late December, when it was trading around $16,500.

The currency started at $0 in 2009, broke the one dollar barrier in 2011. About a decade later, Bitcoin would hit an all-time high of $69,000.