The price of Bitcoin, the world’s largest cryptocurrency, has plummeted. Bitcoin is currently at a two-week low of 6%. Bitcoin prices fell sharply on Friday as global bond markets rallied, boosting earnings and selling assets.
Bitcoin is currently priced at $ 44,451. Bitcoin was down 1.3 percent at $ 46,588 in the last trade. Analysts attributed the fall in bitcoin prices to concerns over equity markets as European stocks fell as much as 1.5 percent. Asian stocks fell the most in nine months.
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Mainstream companies Tesla Inc. and MasterCard Inc. have invested heavily in cryptocurrencies. With this, the price of Bitcoin had risen by about 60 per cent earlier this year. Bitcoin hit an all-time high of $ 58,354 this month.