Bitcoin, the most widely used cryptocurrency, fell 12 percent to $ 33,200 (27,250), the 49th highest loss in April (8,64,869 ;, 53,254).
However, at some point in the session, the cryptocurrency fell to $ 31,100 (25 25,530), indicating a 52% drop from its record, according to data from Bloomberg.
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Bitcoin experienced a roller coaster throughout the week as it fell 11% last Wednesday; 12% left on Friday; This Saturday it rose 8%. The most widely used cryptocurrency reached $ 30,000 ($ 6,24,630) on Wednesday, its lowest level since the end of January.
Critical statements by Tesla founder Elon Musk and the reluctance of the People’s Bank of China (Central Bank of China) and the European Central Bank (ECB) about cryptocurrencies were the main reasons for the sharp fall on Friday.
Bitcoin plummeted on May 13 after Elon Musk announced on Twitter that he would stop accepting payments using Tesla cryptocurrency due to the environmental impact.
Following the same trend, Ether, the second most widely used cryptocurrency, today fell nearly 16% to $ 2,000 (64 1,642).