Key Takeaways
- 💰 Bitcoin dropped 7.9% to $61,842 at 21:00 GMT on Saturday
- 📉 Bitcoin is down 16.2% from the year’s high of $73,794 on March 14
- 🪙 Ether fell 9.18% to $2,930 on Saturday
- 💸 Bitcoin fell by 7.9% to $61,842 at 21:00 GMT on Saturday
- 🔗 Ether fell by 9.18% to $2,930 on Saturday
Cryptocurrency Prices Experience Sharp Decline
Over the weekend, the cryptocurrency market witnessed a significant drop in prices, with Bitcoin and Ether both experiencing notable decreases. Bitcoin, the most well-known cryptocurrency, fell by 7.9% to $61,842 at 21:00 GMT on Saturday. This marks a 16.2% decline from the year’s high of $73,794 on March 14. Additionally, Ether, another popular digital currency, dropped by 9.18% to $2,930 on the same day. The sudden decrease in value has raised concerns among investors and analysts about the volatility of the crypto market and its long-term stability.