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Veronika Szűcs Rajničová
May 12, 2022, 9:05am
Reading time: 0:27

Bitcoin Fell To A 16-Month Low

The second most popular cryptocurrency Ethereum fell 10% below $ 2,000 on Thursday.

Veronika Szűcs Rajničová
May 12, 2022, 9:05am
Reading time: 0:27
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Bitcoin climbed to its maximum of 69,000 dollars (66,000 euros) last November. However, it has not been able to grow since. On Thursday morning, it fell below 30,000 dollars and at six in the morning it cost under 27,000 dollars (26,000 euros).

 

Bitcoin Source: Google Trade

 

Cryptocurrency Ethereum fell 10% below $ 2,000 on Thursday. According to the Economic Times, traders attribute the new decline to the swaying values of tech companies. Nasdaq fell 6.4% this week.

The market was not helped by the enormous drop of the largest algorithmic stablecoin terraUSD to less than 30 US cents (29 cents). On Thursday morning, its price was around 50 US cents (48 cents). The cryptocurrency terra falls alongside it.

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Thumbnail: Getty Images/Dan Kitwood
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