Presidential cryptocurrency Bitcoin (BTC) has taken a massive tumble in just a few hours, but now the top truth is moving forward. Bitcoin price continues the decline it started from levels above $58,000 and even reached $44,900.
Bitcoin Price Erased $10,000 Within Hours! It even reached $44,900
The world’s largest cryptocurrency, Bitcoin, fell sharply in a matter of hours. The cryptocurrency slipped into the $44,900 region from $54,000 today. As a result, BTC lost about $10,000. Considering the decline that started from yesterday’s high of $58,000, BTC suddenly lost $13,000. Bitcoin has so far printed a green candle and is flattening out, according to analysts.
BTC is changing hands for $47,800 at press time. On Monday, US Treasury Secretary Janet Yellen criticized Bitcoin, saying it is downright inefficient for running processes. Following this statement, BTC and altcoins fell sharply. Etherem price also slipped below $1,500. Despite this drop, giants like Tesla and MicroStrategy have been investing heavily in BTC lately and are showing keen interest in the market.