On August 17, in just 10 minutes, the bitcoin price fell by around 8%, reaching $25,000. The first cryptocurrency last traded at this price on June 20.
On the night of August 17, the price of bitcoin plunged sharply by 8%, falling to a psychological level of $25,000. On some cryptocurrency exchanges, including the great Bitfinex, the first cryptocurrency was trading at $24,500. 000. At the time of writing the news, the bitcoin rate fell back to $26 thousand, which is still the lowest in the last two months.
The crypto community attributes the bitcoin crash to reports that SpaceX sold its BTC reserves for $373 million, while some experts point to the bankruptcy of Chinese group Evergrande, which occurred around the same time.
Bitcoin depreciation has traditionally affected the value of other cryptocurrencies. In particular, Ethereum fell by $100 (around 6%) and BNB by $19 (around 6%).
Author:
Grigory Shcheglov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
