Bitcoin price has plummeted over the past 24 hours. According to the Coindesk exchange, since April 22, its price has dropped by almost 11%. At the time of this writing, one unit of cryptocurrency is worth $ 48.4 thousand.
At the moment, the cost dropped to $ 47.8 thousand. As RBC clarifies, this is the minimum cost of bitcoin over the past 48 days. Because of this, the total capitalization of the aforementioned cryptocurrency fell below a trillion dollars. Against the backdrop of the fall in bitcoin, the price of most altcoins has decreased. Ethereum fell 11.1%, and Monero fell 13.5%.
Presumably, the fall was due to the decline in stock markets. As a result of trading, the Dow Jones index fell at a rate of 0.9%, and the Nasdaq Composite was 0.7%. This happened after the publication of Bloomberg about Joe Biden’s plans to raise taxes for the rich.