Bitcoin continued to fall on Saturday due to investors’ lack of appetite for risk and fell as much as 9% from Friday to trade at $18,740, its lowest value since December 13, 2020.
From its historical price of 68,991 dollars on November 10, the cryptocurrency depreciated 62%. It was worth $18,941, down 8% from Friday.
All cryptocurrencies retreated on Saturday. Ether, the second most traded digital currency, lost almost 10%.
In a week in which the markets fell due to the difficulties of the countries in dealing with inflation and the fear of a weakening of the world economy, cryptocurrencies paid the highest price.
On Monday, the market for those coins fell below the symbolic figure of 1,000 million dollars. In November the volume was 3,000 million.
The drop of bitcoin was further accelerated by the suspension of withdrawals on two cryptocurrency transaction platforms.
Celsius suspended withdrawals and transfers on Sunday night. This company proposed to its users to leave the “historical” cryptocurrencies, such as bitcoin and ether, to invest in new virtual currencies.
Platform Babel Finance, meanwhile, told its clients on Friday that it was suspending all withdrawals due to “unusual pressures on cryptocurrencies.”
