Bitcoin continues to fall in value: over the past week, the main cryptocurrency has lost more than 15% of its value. On the night of April 12, its price fell below 40,000 for the first time since March 16.
Bitcoin has fallen in price by about 6% in the past 24 hours. Experts attribute the fall in the rate to the continued sale of bitcoins amid an exit from risky assets before the U.S. tax season and the Federal Reserve’s rate hike.
The minimum rate was about $39,300; at the time of publication, one bitcoin is worth about $39,600. The market capitalization of the cryptocurrency dropped to $750 billion. Its recent peak was at the end of March, when bitcoin surpassed $48,000.
Ethereum also continues to get cheaper, with less than $3,000 per coin being given at the moment, and the cryptocurrency’s market capitalization at $357 billion. In one week, the rate is down 15%.
Solana has fallen 25% in a week to $99, Cardano’s rate is down 23%.