The price of Bitcoin has fallen below $ 3,400. Last time this level was recorded at the end of January. During the bidding process, its value was dropping to $ 3,355 for one unit of the popular cryptocurrency. On average, the cryptocurrency is being traded at around $ 3,390.
Jani Zaedins from Cracked Market commented: “Bitcoin is near its lows. Buyers do not want to deal with it yet, although, perhaps, there are no longer any buyers.”
According to analysts, the cryptocurrency will slowly fall in price until new money appears on the market. Everyone who ever wanted to buy BTC has already done so.
Other cryptocurrencies also show a decline. Ethereum has fallen by 4.5%, and Litecoin – by almost 5%.
The total value of the cryptocurrency market has decreased by $ 25 billion. Now its capitalization is 111 billion US dollars. Its maximum value this year was equal to 138 billion US dollars.
The cost of BTC futures for February on the stock exchanges CBOE and CME has decreased by 1.8%.
The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade